For generations, many parents have urged their kids to go to college and get a good job. But they might not have realized just how long it could pay off.
A new study from the Institute for Women’s Policy Research found that the return on investment in a college education extends long into life – age 65 and beyond.
The study concludes: “For both men and women, the returns to education are substantial.” It projects that women with college degrees can expect to earn, after the traditional retirement age of 65, twice as much as women with a high school diploma or less. Men with a college education are anticipated to do even better after age 65: a projected 2.8 times what their peers would earn.
The study’s authors noted that the greater employment rates of more educated people in later life are a key factor in creating income later in life.
Sharon Emek, Ph.D.
Founder and CEO
Work At Home Vintage Experts (WAHVE)