13A: Table showing the impact of education on individuals with a comparison of estimated lifetime earnings by education level. Less than 9th grade - Estimated lifetime earnings: $976,350; difference compared to high school graduate: $478,903. High school dropout - Estimated lifetime earnings: $1,150,698; difference compared to high school graduate: $304,555. High school graduate - Estimated lifetime earnings: $1,455,253; difference compared to high school graduate: $0. Some college, no degree - Estimated lifetime earnings: $1,725,822; difference compared to high school graduate: $270,569. Associate degree - Estimated lifetime earnings: $1,801,373; difference compared to high school graduate: $346,120. Bachelor's degree - Estimated lifetime earnings: $2,567,174; difference compared to high school graduate: $1,111,921. Master's degree - Estimated lifetime earnings: $2,963,076; difference compared to high school graduate: $1,507,823. Doctorate - Estimated lifetime earnings: $3,982,577; difference compared to high school graduate: $2,527,324. Professional degree - Estimated lifetime earnings: $5,254,193; difference compared to high school graduate: $3,798,940. Source: Federal Reserve Bank of Dallas, 2005.