Unformatted text preview: substantially. EXH I BIT visiting with friends, 3 hours playing
sports, 1 hour and 17 minutes reading, 2 hours and 45 minutes on the
computer, 7 hours eating, 5 hours
and 43 minutes doing household
work, and 14 hours and 36 minutes
Let’s focus on the 14 hours and
36 minutes a week watching television. Could we reallocate some of
the TV time toward something that
might provide us with a higher return
(than watching television provides us)?
For example, as a high school student, you might be thinking of attending college. Getting into a good
college could be the stepping stone
to a good-paying job in the future.
According to recent data, college graduates earn substantially more over
their lifetimes than those with only a
high school diploma (see Exhibit 5-7). 5-7 Average Annual Earnings
by Level of Education Not a high school graduate $18,826 High school graduate only $27,280 Some college, no degree $29,725 Associate’s degree $34,177 Bachelor’s degree
degree $51,194 Master’s degree $6...
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