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Relationship Discussion (non-explicit)
Reply to "First wives v second wives"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s 2026, degrees aren’t what they used to be. DH doesn’t have a HS diploma, is unbelievably smart and makes over 900k a year. [/quote] Sure, Jan.[/quote] I believe there are rare occasions when this happens, who knows maybe her husband is the unicorn. But the data shows that educational outcomes are the strongest predictor of income. Also highly correlated with relationship success and general wellbeing. 4 year college is still a great investment in many ways.[/quote] It's not as uncommon as you think. My dad barely graduated high school but started a successful business as a subcontractor and has cleared 7 figures annually since the mid-nineties (I only found out when I was trying to navigate college and financial aid applications), and he's still running his business long past traditional retirement age. If you're willing to learn a trade, take a risk, and you have a strong work ethic and street smarts, you can out-earn most people. There are plenty of business owners around you who do very well, provided they own their own business - your plumber, electrician, autobody shop, painter, mechanic, car wash owner, all the subcontractors on your house, etc. [/quote] I understand it happens, but as someone with a PhD in social science I enjoy looking at comprehensive data rather than anecdotes about your dad. And the data on the correlation between educational attainment and income shows a strong correlation, actually until you get a PhD and then it goes back down. Of course there are broke people with lots of education and millionaires who didn't finish high school, but overall you want to go to college and certain types of grad school.[/quote] Also, it's increasingly hard for tradespeople who don't have a lot of capital to start a business. Even harder now that private equity and corporate chains are gobbling up everything, like restaurants, auto body shops, car washes, etc.[/quote]
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