THE EFFECT OF THE LEVEL OF EDUCATION ON THE ECONOMIC WELL-BEING OF PEOPLE

This article examines the impact of the level of education on the economic well-being of individuals. The study analyzes how education influences income levels, employment opportunities, and overall quality of life. It is emphasized that higher levels of education contribute to increased labor productivity, better access to high-paying jobs, and improved social mobility. The paper also highlights the role of education in reducing poverty and economic inequality. Based on theoretical and empirical analysis, the study concludes that investment in education is one of the most effective ways to enhance individual and societal economic welfare.