Information Related to "Planning for Life - Part 2 - Finding a Career Path That Fits"
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What single item could make the biggest difference in
your career success? Many young people today recognize education as that
factor. According to the latest statistics available from the U.S. Bureau
of Labor Statistics, released in May 2000, 63 percent of 1999 high school
graduates enrolled in college in the year they graduated, with the percentage
of young female students (64.4 percent) outpacing the percentage of young
male students (61.4 percent).
After the 1990 census in the United States (2000 census data is not yet available), the U.S. Census Bureau released information showing the average lifetime earnings of people who had attained various levels of education. Their findings are summarized in the accompanying chart.
If some general assumptions about the number of years people in each of those education levels will work are made, reducing the years worked by the number of years needed to attain those educational levels, an average annual income can be calculated as shown on the following chart.
It should be pointed out that a college degree should not be seen as a guarantee of future success. Some look at these statistics and decide a college degree is their ticket to a quick personal fortune no matter what they study or how hard they study. They believe as long as they get some degree, that is enough to ensure they become rich.
But quick routes to riches seldom pay off in the long run. Proverbs 12:24 says, "The hand of the diligent will rule, but the lazy man will be put to forced labor." Even a four-year plan can be seen as a get-rich-quick scheme if it is pursued entirely to get as much as possible with as little effort as possible.
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