The difference between going to Grad school and going to work right out of school

So this may seem really random but where I am currently in both life and in location I really got to thinking about this today. At 23 years old I am in a unique position in life most of my really good friends from both high school and college have a job now but there is a good number, myself included, who decided to continue going to school and are now in grad school. I also am not quite in the position where I know a lot of people who are working and in grad school at the same time so I won't really be discussing that here. But tonight I was hanging out with a bunch of friends from high school we are all really close and it was good to finally see them all again. As I was leaving my one friend's house (yes he owns a house) he jokingly said to me something along the lines of it must me nice to have 3 weeks off but I guess you do kind of work for it. He has next week off and I told him well I can only imagine what it is like in your position.

So what is the point? Well once you get through your undergrad education your life very quickly evolves out of the large amounts of fun it was as an undergrad. I'm not saying life isn't fun but no matter what path you take you will be in working to be where you are. So for example there is no question my friends who have jobs work harder than me when you average it out. They will work 48-50 (5 day) weeks a year I however will get a month off from winter break and 3 months off for the summer. But what do you get for that? One of my friends is working but owns a house and has a kid, my fiance and I couldn't afford to do that if we pooled all of what we make a year, we would still make less than all of my friends except the ones who are teachers (which says something about our society). They tend to get up and are at work by 7-9 in the morning where as I tend not to get up that early but I will be up working on homework or something till 2.

So what should you do? Sometimes you don't have a choice. There are certain fields, and all of academia is included in that, in which you need at least some post-graduate education so you are stuck. But is it worth going to grad school right away or to enter the work force. That I cannot answer for you, and to be honest it took me time to answer it for myself. And that is just it if you can make enough to afford to own a house and have a kid at 23 then I say go for it but if you don't want to leave school right away and are willing to work hard in the academic world go for that too. In the end it comes down to the individual and nothing else!