March 26, 2008

Your Parents Were Right – Stay in School

Filed under: Salaries & Pay — Jane @ 2:23 pm

Most Moms harp at their kids to do their homework, get good grades, and stay in school. Well Mom was definitely right, at least when it comes to the correlation between education and income levels.  According to numbers recently released by the U.S. Census Bureau, 86% of Americans over 25 are high school graduates.  Twenty-nine percent of us hold at least a bachelor’s degree.  Those with that college degree make, on average 55% more than high school graduates, earning $56,788 vs. $31,071.   Those with associates’ degree or some college earned slightly more than high grads ($34,650).   Advanced degree holders fared the best, averaging $82,320 annually.  Individuals who didn’t graduate from high school averaged $20,873.

 

Continued gaps remain between men and women at various education levels.  Male advanced degree holders averaged $101,441 vs. $59,636 for women.  Male high school grads earned $37,356 vs. $23,236 for women.  More information is available at www.census.gov/population/www/socdemo/educ-attn.html.

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