How your college major can influence pay. Here are the top- and bottom-paying fields.
CBSN
Obtaining a college diploma has long been viewed as a ticket to a good job, but new data suggests that the type of degree you get also can have a huge influence on your annual earnings.
College graduates between 25- and 64-years-old enjoyed median incomes of $74,154 last year, according to recent data from the U.S. Census Bureau. By comparison, workers over 25 with only a high school degree had median income of $44,400 a year, according to the Bureau of Labor Statistics.
Yet the Census data suggests that some college grads are earning only slightly more than people without bachelors degrees, a potential issue given that the spiraling cost of higher education has pushed student debt to $1.8 trillion and saddled millions of Americans with loans that will take years to pay off. College students — and their parents — increasingly want the security of knowing that their investment in a pricey degree will pay off down the road.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.