More Education Means Better Retirement

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images (1)The value of having a college education increases with time and for elderly the statistics look very appealing.  According to a new study from the National Center for Policy Analysis (NCPA).

“For those over age 65 who wish to continue working, each year of education beyond high school is associated with a 1 percent increase in the likelihood that they will be employed, controlling for age,” said NCPA Senior Fellow Pamela Villarreal.  “A senior with an associate’s degree is 5 percent more likely to work than a senior with only an 8thgrade education, and a college graduate is 4.3 percent more likely to be working than a senior with a high school diploma.”

These statistics make people want to obtain a college degree as we can tell that is does make  a huge difference in their futures.  Lewis Warne, a research associate with the National Center for Policy Analysis, says “More education increases retirement savings, decreases dependence on government, improves health and increases employment at both a state and individual level,

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Picture by www.foxbusiness.com

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