The rewards of learning other tongues are many: more potential friends, easier travel, and even, some studies suggest, better decision-making. But what about greater earnings potential?
The Research from Wharton and LECG Europe found that studying a second language is correlated with about 2% more in annual income.
That’s a pretty low return, on the face of it—and probably not even as good as the minuscule raise your boss gave you this year. As study author Albert Saiz points out in a recent Freakonomics podcast, for someone making $30,000 annually, 2% amounts to only about $600 more per year. But Robert Lane Greene at The Economist shows that once you factor in compounding, a foreign language could mean nearly $70,000 more in savings by retirement.
Put that way, it’s not too shabby for some “Guten Morgen, wie geht es Ihnen heute?”
So don’t wait and contact us today about our Business German private lessons.