'You can't outearn stupidity': Dave Ramsey explains why teachers — with a median salary of $61K — become millionaires so often. And why doctors don't even crack the top 5

There is some justice for school teachers, who have the dubious distinction of playing a vital role in society while earning a comparatively low annual income.

That justice comes in the form of the millions of dollars that many of them consistently hold in their savings and investment accounts, according to the “National Study of Millionaires,” a research project by Ramsey Solutions, whose CEO is the personal-finance expert Dave Ramsey.

Teachers rank third, behind engineers and accountants, on a top-five list of careers most likely to have millionaires within their ranks. Business professionals and lawyers ranked fourth and fifth.

How could it be that teachers, who earn an average annual income of $61,000 according to the U.S. Bureau of Labor Statistics, take third spot, while physicians don’t even rank in the top five?

Please help put parents in charge of their child’s education by forwarding this article to other parents, family, friends and voters.
Money by Braňo is licensed under Unsplash unsplash.com

Other Articles

Sex education should be made compulsory in schools
Child sex abuse prevention in elementary schools can be effectively ensured through sex education, wherein, the children in pre-adolescent stage can be taught about children's right to control their bodies and about communication and self-protection
Read More
Teachers report low pay, high levels of stress in annual survey
Teachers work more hours with a lower average base pay than other working Americans with similar vocations, according to a national Rand survey released June 18.
Read More
Teachers Are Missing More School, and There Are Too Few Substitutes
In some districts, teachers are taking more sick days since the pandemic. A shortage of substitutes can make matters worse.
Read More
Why what looked like good news for charter schools actually wasn’t
It seemed like good news for charter schools when a study released this summer declared that they get better student outcomes than do traditional public schools — at least from 2015 to 2019, the years for which researchers said they crunched the numbers.
Read More
Computer science classes: California students lag in access
Five years ago, California embarked on an ambitious plan to bring computer science to all K-12 students, bolstering the state economy and opening doors to promising careers — especially for low-income students and students of color.
Read More
Bill to provide $17,000 for those opting out of public schools defeated in California senate committee
A bill that would have provided school choice vouchers died at the Senate Education Committee on Wednesday
Read More
California Has a Critical Shortage of Black Teachers
Numerous studies have shown that Black teachers can improve Black students’ academic outcomes, but in California, where Black Students are the lowest performing sub-group of all ethnic groups, the state has an extremely low count of African American instructors working in school districts across the state.
Read More
Enrollment drop to force closing of many California schools
A well-meaning but vague law could make it very difficult to shutter schools. State officials need to make sure districts follow best practices in such decisions.
Read More

Get latest news delivered daily!

We will send you breaking news right to your inbox

© 2025 educationopportunity.org, Privacy Policy | FPPC #1460602