Real
Location: Under Your Skin
My brother got his phd. Works for the CDC. Thats my hero right there

In this economy, a stable job is better. Having a Ph.D won't necessarily confer all that many more benefits than having a masters will for most jobs, but you will be taking on a boatload more debt. You don't want to have a debt bomb hanging over your head when tehe economy goes boom, and you need to realize that student debt isn't something you can go bankrupt on like other forms of debt. Don't get a Ph.D unless you absolutely need it.
But after the Ph.D, then what? What is the Ph.D in?
Psych? Sociology?
If you're chasing a Ph.D, be honest and admit a stable job aint really what you're looking for anyway. The most stable of gigs in that arena is being a tenured professor. Even with that, you still gotta hustle, network, and get published in your field anyway.
I honestly don't know anyone with a phd with a science or social science field (statistical training) that hasn't found a stable, high paying job. That's just me though.
Of course you have to hustle to get a tenure track job, but that's the name of the game. You have to hustle to keep a tenure track job too. It's publish or perish for anyone who wants to be in academia. Most people go for the post-doc anyway. The only reason I even want a job in academia is because it is conducive to having a family.
As long as you have sound statisical training you can get a job hyst about anywhere (based on my personal experience). Me personally, I could work for the Department of Education in any state, work for think tanks, work for a school district, work for any research foundation (Spencer, AREA, Mathematica, etc), any research institute connected to a university, and host of other jobs that are afforded to people who have a research or statistical background. The great thing about it depending on the region, those jobs range from $70,000 - 90,000 per year for a degree you didn't even pay for.