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Is there a strong, positive correlation between levels of literacy and earning capabilities?

Although this doesn't necessarily mean highly literate people are super wealthy, it does appear to suggest people with higher education tend to have greater success in life.

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CaptainCanadia · 41-45, M

If you look just within the US, then absolutely. The US has a kind of low literacy rate because it has massive inequality and education that varies according to your family's income level.

Worldwide... it gets weird. Countries that have, or had command economies tend to have crazy high literacy rates. Soviet Bloc countries like Lativa, Uzbekistan and so forth have 99% literacy rates or close to it. Cuba has a famously high literacy rate, and your earning power is going to be much less there because of a lower GDP and just the way the economy is structured.

LostInTheDesert · 31-35, F

You're absolutely correct, I've also come to the same conclusion.