Education and Training Pays: 2013 Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Education and Training Pays: 2014 Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Education and Training Pays: 2015 Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Education and Training Pays Scenarios: Andrew couldn’t wait to graduate from high school. He already had a job lined up at the local factory where his dad worked. He was ready to be done with school and start making money. Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Education and Training Pays Scenarios: Jackie graduated from high school and went on to college. After earning her bachelor’s degree in education, she decided she wanted to further her education and broaden her career options. She went on to earn a master’s degree in special education. Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Education and Training Pays Use the chart to fill in the blanks below. Median Weekly Earnings 2015 High school diploma $678 Master’s degree $1,341 There are 52 weeks per year. If Jackie and Andrew made the above salaries per week, how much did they each make in the year 2015? Jackie ________ Andrew ________ How much more did Jackie make than Andrew for the year of 2015? ________ Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Education and Training Pays Answer Key Use the chart to complete the following. Median Weekly Earnings 2015 High school diploma $678 Master’s degree $1,341 There are 52 weeks per year. If Jackie and Andrew made the above salaries per week, how much did they each make in the year 2015? Jackie $69,732 Andrew $35,256 How much more did Jackie make than Andrew for the year of 2015? $34,476 Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

Education and Training Pays Scenarios: Josephine started work immediately after high school. She earns $32,000 per year which she thinks is really good. Joe spent four years in college and three years in law school. After seven years of additional education, he earns $90,220 per year. In those seven years, Josephine earned $224,000. It will only take two and a half years for Joe to earn more than this amount. Thirty years after high school graduation, Josephine will have worked 30 years and earned $960,000. However, Joe will have worked 23 years and earned $2,075,060. How much more per year did Joe earn than Josephine? $58,220 Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

% Increase = Increase ÷ Original Number x 100 Education and Training Pays In order to get a realistic idea of the financial benefits of higher education, it is beneficial to calculate the percent increase in wages. Follow the steps below to calculate the percent increase in wages from 2013 to 2015 for an individual with a professional degree. Median Weekly Earnings 2013 Median Weekly Earnings 2015 Professional degree $1,714 $1,730 % Increase = Increase ÷ Original Number x 100 Increase = New Number – Original Number Divide the increase by the original number Multiply the answer by 100 Source: Skills You Need <http://www.skillsyouneed.com/num/percent-change.html> Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.

% Increase = Increase ÷ Original Number x 100 Education and Training Pays Answer Key In order to get a realistic idea of the financial benefits of higher education, it is beneficial to calculate the percent increase in wages. Follow the steps below to calculate the percent increase in wages from 2013 to 2015 for an individual with a professional degree. % Increase = Increase ÷ Original Number x 100 Increase = New Number – Original Number $1,591 $1,730 - $1,714 = 16 Divide the increase by the original number 16 ÷ 1,714 = 0.009 Multiply the answer by 100 0.009 x 100 = .9% Source: Skills You Need <http://www.skillsyouneed.com/num/percent-change.html> Copyright © Notice: The materials are copyrighted © and trademarked ™ as the property of The Curriculum Center for Family and Consumer Sciences, Texas Tech University.