PhDs for me i think its more like an achievement in life. Its something you can feel very proud off when you retire and start to look back on what you have done with your life.

Tom, Dick and Harry has Degrees on the street, you can't say the same for PhDs.

It also has its own cons though, I have a friend who just got her PhD, came back here looking for a job. But all companies turned her down because she's "over" qualified a.k.a they can't afford her or something like that.

Sad but true.