$ HOW LONG DOES IT TAKE TO EARN A MILLION? $ YEARS TO EARN $1 MILLION BY EDUCATION LEVEL Sources: Current Population Survey, U.S. Bureau of Labor Statistics, https://www.bls.gov/emp/images/ep_chart_001.png; Atlanta Fed calculations Current Population Survey, (U.S. Bureau of Labor Statistics, https://www.bls.gov/emp/images/ep_chart_001.png) $ 32.4 years percent 26 at 2019 annual median income to earn a million dollars with less than a high school diploma 5.4 percent 2019 unemployment rate for those in the labor force with less than a high school diploma 592 dollars 2019 median weekly earnings for workers with less than a high school diploma 2018 poverty rate for individuals 25 and older with less than a high school diploma EDUCATION PAYS $ $ EARNINGS AND UNEMPLOYMENT RATES BY EDUCATIONAL ATTAINMENT WHAT IS HUMAN CAPITAL? The skills, knowledge, and training people possess, measured by their economic value. Human WHY DEVELOP Capital What to Expect with Less Than a High School Diploma ? Jennifer Ma, Matea Pender, and Meredith Welch, Education Pays 2019: The Benefits of Higher Education for Individuals and Society, https://research.collegeboard.org/pdf/education-pays-2019-full-report.pdf; Current Population Survey, (U.S. Bureau of Labor Statistics, https://www.bls.gov/emp/images/ep_chart_001.png); and Atlanta Fed calculations UNEMPLOYMENT RATE IN 2019 (%) ALL WORKERS: 3.0% 1.1 5.4 3.7 3.3 2.7 2.2 2.0 1.6 MEDIAN WEEKLY EARNINGS IN 2019 ($) ALL WORKERS: $969 1,883 592 746 833 887 1,248 1,497 1,861 DOCTORAL DEGREE PROFESSIONAL DEGREE MASTER’S DEGREE BACHELOR’S DEGREE ASSOCIATE’S DEGREE SOME COLLEGE, NO DEGREE HIGH SCHOOL DIPLOMA LESS THAN A HIGH SCHOOL DIPLOMA 25.8 High school diploma 15.4 Bachelor's degree 12.8 Master's degree 10.3 Professional degree 21.7 Associate's degree 23 Some college, no degree 10.2 Doctoral degree 32.4 Less than a high school diploma (For example, MD, JD) BACK TO SCHOOL Learn more about this topic and download a copy of this infographic by visiting frbatlanta.org/infographics Follow the @AtlantaFed

YEARS TO EARN $1 MILLION BY EDUCATION LEVEL...income to earn a million dollars with less than a high school diploma 5.6 percent 2018 unemployment rate for those in the labor force

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$HOW LONG DOES IT TAKETO EARN A MILLION? $

YEARS TO EARN $1 MILLION BY EDUCATION LEVEL

Sources: Current Population Survey, U.S. Bureau of Labor Statistics, https://www.bls.gov/emp/images/ep_chart_001.png; Atlanta Fed calculations

Current Population Survey, (U.S. Bureau of Labor Statistics, https://www.bls.gov/emp/images/ep_chart_001.png)

32.4years percent

26at 2019 annual median income to earn a million dollars with less than a high school diploma

5.4percent 2019 unemployment rate for those in the labor force with less than a high school diploma

592dollars 2019 median weekly earnings for workers with less than a high school diploma

2018 poverty rate for individuals 25 and older with less than a high school diploma

EDUCATION PAYS $ $

EARNINGS AND UNEMPLOYMENT RATES BY EDUCATIONAL ATTAINMENT

WHAT IS HUMAN CAPITAL?The skills, knowledge, and training people possess, measuredby their economic value.

HumanWHY DEVELOP

CapitalWhat to Expect w i th Less

Than a H igh Schoo l D ip loma

Jennifer Ma, Matea Pender, and Meredith Welch, Education Pays 2019: The Benefits of Higher Education for Individuals and Society, https://research.collegeboard.org/pdf/education-pays-2019-full-report.pdf; Current Population Survey, (U.S. Bureau of Labor Statistics, https://www.bls.gov/emp/images/ep_chart_001.png); and Atlanta Fed calculations

UNEMPLOYMENT RATE IN 2019 (%)

ALL WORKERS: 3.0%

1.1

5.4

3.7

3.3

2.7

2.2

2.0

1.6

MEDIAN WEEKLY EARNINGS IN 2019 ($)

ALL WORKERS: $969