Monday, March 29, 2010

What is the average income for high school and college graduates?

Measured in constant 2006 dollars, median earnings for young adults ages 25–34 who worked full time throughout a full year increased as education level increased for each year shown between 1995 and 2006. This pattern held for male, female, White, Black, Hispanic, and Asian subgroups.


The earnings difference between those with at least a bachelor's degree and those with less education increased between the longer period of 1980 and 2006. However, between 2000 and 2006, there was generally no measurable change in the earnings difference between these groups. For example, in 1980, young adults with a bachelor’s degree or higher earned $14,600 more than those who did not earn a high school diploma or its equivalent. In 2000, this difference increased to $23,400 and was $23,000 in 2006.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2008). The Condition of Education 2008 (NCES 2008–031), Indicator 20.

Median annual earnings of all full-time, full-year wage and salary workers ages 25–34, by sex and educational attainment: Selected years, 1980–2006 [In constant 2006 dollars]
Year All education levels High school diploma or GED Bachelor's degree or higher
Male
1980 $43,700 $41,400 $48,900
1985 41,200 37,500 51,400
1990 38,600 33,900 49,000
1995 36,400 31,800 49,300
2000 39,800 33,900 53,900
2005 36,100 31,000 51,600
2006 37,000 30,000 50,000
Female
1980 $29,400 $26,900 $36,300
1985 30,000 26,200 39,100
1990 30,500 24,700 40,100
1995 29,100 23,300 39,700
2000 31,600 24,600 41,600
2005 31,000 24,800 41,300
2006 31,800 24,000 41,000
 
SOURCE: U.S. Department of Education, National Center for Education Statistics. (2008). The Condition of Education 2008 (NCES 2008–031), Table 20-1.

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