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Answer :
Final answer:
A person with a PhD can expect to earn more than $70,186 per year on average.
Explanation:
A person with a PhD can expect to earn more than $70,186 per year on average. Typically, individuals with a PhD have higher earning potential compared to those with a master's degree. This is because a PhD is a higher level of education that requires more specialized knowledge and expertise.
Having a PhD can lead to career opportunities in academia, research, and other industries that offer higher salaries. Additionally, individuals with a PhD often have the ability to advance to higher positions within their field, which can contribute to higher earnings.
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