Education impacts earnings five times more than other factors ---
According to a new study, education levels had more effect on earnings in the workforce than any other demographic factor, such as gender, race and Hispanic origin. Many factors, such as race and Hispanic origin, gender, citizenship, English-speaking ability and geographic location do influence work-life earnings but none had as much impact as education. The estimated impact on annual earnings between a professional degree and an eighth grade education was about $72,000 a year, roughly five times the impact of gender, which was $13,000.