Yeh, billionaires Bill Gates, Steve Jobs, Larry Ellison, Mark Zuckerberg and Michael Dell quit college.
But, what about the rest of us?
A recent article in The Economist quotes Gary Burtless of the Brookings Institute which shows a different picture:
– 32% of male high-school graduates with no further formal education are in the workforce between ages 62 to 74, compared to 65% of men with a professional degree.
– The ratio for women is 25% to 50%.
The article goes on to state:
Higher-skilled workers…tend to be paid more which gives them an incentive to keep working. They are also on average healthier and longer-lived, so they can work and earn past 65 and still expect to enjoy the fruits of that extra labour later on.