`Education is power’, is a common expression. Education is a key factor in the future welfare of children, and research shows that a good education reduces social and economic disparity in society. In addition, knowledge broadens our horizon, gives us a better understanding of how the world works, and teaches us how to train our skills to think rationally while learning how to problem-solve. Education does not only give children higher self-esteem, but it is also a ladder to climb out of poverty.
Studies prove, time and again, that educated workers earn more than those without higher education. Education leads to additional benefits, such as greater job opportunities and promotions. Bachelor’s degree holders earn an average of 38% more than those with a high school diploma in the US.
For the year 2002, the Education Resources Information Center estimated lifetime income of employees in the US with a bachelor's degree and those without. The data showed that non-degree holders could expect a lifetime average of $1.2 million, while those with a bachelor's degree could expect to earn $2.1 million, which is almost double. Such results show that education is not only crucial for children’s development and ability to understand the world, but also in a long-term perspective of well-being and providing for themselves and their families. Educated youth are more prepared to make rational and healthy decisions, for example when and under which circumstances to become a parent.