Need extra retirement money? Get an education.

Retiree’s from university earn up to $1317 more per month than their high school graduate counter parts. It makes perfect sense that a disparity would exist, but what surprises me is how wide the gap is; particularly when unversity graduates don’t get as well compensated as what everyone is led to believe.

Reading further into the article, the real truth is discovered. Moneyquote:

“The fact that those with higher levels of education may have earned more during their working lives is further enhanced by the fact that they are also more likely both to obtain financial advice and to start saving for retirement sooner.” The survey shows 51 per cent of tertiary-educated respondents plan to visit an adviser in the next 12 months, compared with just 24per cent of those with only a secondary education.

People who seek financial advice and plan for the future have more money than those who do not. University graduates trust professionals more than high school graduates. None of this is of any great surprise, however. Perhaps we need more education at the high school level at the benefits of solid financial planning.