The financial advantage gap between having a college degree and just having a high school diploma is widening!

The financial advantage gap between having a college degree and just having a high school diploma is widening!

A 20-year study in Canada revealed that a man with a bachelor's degree made an average of $732,000 more during that time than a man who only had a high school diploma. And in 2015 alone, the average US college graduate earned 56% more than the average high school graduate. This is the widest gap between the two that the Economic Policy Institute has recorded since 1973!
While a college grad may encounter a type of retirement savings roadblock different from a reduced income – student loan debt – the earning numbers above show that the advantages of having a college degree and a solid financial strategy outweigh the retirement saving power of not having a college degree.
But here’s an issue plaguing both groups: more than two-thirds of US millennial workers surveyed do not have a specific retirement plan in place at all, and a full third of Canadian millennials surveyed said they were "not at all knowledgeable" about retirement savings plans.
Regardless of your level of education or your level of income, you can save for your retirement – and take steps toward your financial independence. Or maybe even finance a college education for yourself or a loved one down the road.
A good first step to getting your earning power to work for you is meeting with a financial professional who can help put you on the path to a solid financial strategy. Contact me today, and together we can explore your options.
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