The State Of My State 's Economy

950 WordsJul 26, 20164 Pages
Going into a career (rather furthering my education in finance) in finance has had me wondering about the state of my state’s economy lately. As an accountant, Maine’s economy will continue to affect me professionally (and personally, being a citizen of the state) for the rest of my adult life. Even if all I ever do is taxes for other citizens of my state, to know the state of the economy here will change the way things are done. I don’t have enough space to go through everything that’s affecting Maine’s economy today, so I’m just going to touch on a few basic things that everyone deals with and has base knowledge about, such as health care, education, cost of living, and food insecurity, and try to explain it the best I can. Post-Secondary education is any education after high school; i.e., associate’s degree, bachelor’s, master’s, etc. Only about 35.7% of Maine citizens over 25 had received a post-secondary degree in 2007 and that percentage has rose to 39.1% in 2014. Maine and the United States are about even on the percentage every year from 2007 to 2014, but New England’s average was between 42-46% in those 7 years. Those are a lot of numbers that don’t really mean much to anyone, but I know something that will. Without a high school diploma, the average earnings for Maine residents is under $20,000, with a high school diploma just over $26,000, associate’s degree is $31,000, bachelor’s $40,000, and graduate degrees were $54,000. Putting money values on things makes it

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