To determine how much more a man with a bachelor's degree earns compared to a man with only a high school education over a 40-year career, we need to follow these steps:
1. Identify the median annual earnings for men with a high school education and for men with a bachelor's degree from the table.
- Median annual earnings for men with a high school education: \$40,641
- Median annual earnings for men with a bachelor's degree: \$66,757
2. Calculate the difference in annual earnings between the two education levels.
- Difference in annual earnings = Earnings with a bachelor's degree - Earnings with a high school education
- Difference in annual earnings = \[tex]$66,757 - \$[/tex]40,641
3. Multiply the annual difference by the number of years in a 40-year career to find the total earnings difference over this period.
- Total earnings difference = (Annual difference) 40
- Total earnings difference = 26,116 40
- Total earnings difference = \$1,044,640
Therefore, a man with a bachelor's degree earns \$1,044,640 more than a man with a high school education over a 40-year career.
