[Update: There is a newer version of this post with updated data from 2010 available here.]
My earlier “Education Pays: Income by Education Level” post receives among the most hits of any I have, but those numbers are now out of date. That post had data from 2004; this one uses the most recent data from 2007 (released in January 2009). Unfortunately, the numbers presented in the previous post were for means and the Census has not (at least at this point) provided the data on means for 2007. As such, the numbers in this post report medians instead. Graphically, the new numbers look like this:
The data come from the U.S. Census and are presented in their annual report: Educational Attainment in the United States: 2007. The press release is here, and data and reports from previous years are available on their educational attainment page located here.
The data in the graph come from Table 3: “Median Earnings for Workers Aged 25 and Over by Educational Attainment, Work Status,Sex, and Race and Hispanic Origin: 2007″ in which they report the following results for “Full-Time, Year-Round Workers”:
- Median for all full-time, year-round workers: $41,568
- Not a high school graduate: $24,964
- High school graduate: $32,862
- Some college or associate’s degree: $40,769
- Bachelor’s degree: $56,118
- Advanced degree: $75,140
The report also provides breakdowns in Table 3 for both gender and race/ethnicity for the various educational levels.
February 10, 2009 at 5:42 am
[...] October 28, 2006 Education Pays: Income by Education Level Posted by Jon under 08 – Education & Religion, 10 – Social Class, Education, Income [Update: I now have a new post with more recent data from the 2009 report. It is available here: Education Pays: Income by Education Level (2009 Update).] [...]
February 12, 2009 at 11:38 am
[...] known for a long time that people with advanced degrees are likely to make more in their lifetime, something Jon at the Big Picture reminded us of recently. However, taking out huge loans to pay for that advanced degree may eat up a large portion of [...]
March 17, 2009 at 9:45 am
As a guidance counselor I find it more impacting to seperate the “Some college, no degree” from the “Associate’s” category.
March 21, 2011 at 6:24 am
the initial investment of education is usually well worth the price in the long run
September 12, 2011 at 8:16 pm
teacher degree online…
[...]Education Pays: Income by Education Level (2009 Update) « Soc101[...]…
September 13, 2011 at 9:57 am
[...] past posts (here and here) on the relationship between education and income routinely receive among the most visits [...]
December 11, 2011 at 8:14 pm
[...] http://soc101.wordpress.com/2009/02/10/education-pays-income-by-education-level-2009-update/ [...]
April 28, 2012 at 12:10 pm
A fascinating discussion is definitely worth comment. I think that you need to publish more about this issue, it might not be a taboo subject but generally folks don’t speak about such subjects. To the next! Cheers!!
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When I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I get four emails with the exact same comment. Is there a means you are able to remove me from that service? Thank you!
July 2, 2012 at 1:44 pm
I cannot see an obvious way to solve this. Which was your original comment? Perhaps if I delete it then it will stop sending you updates? I can give that a try if you would like.
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October 8, 2012 at 8:12 am
[...] electronics, high tech military and industrial tools, new pharmaceutical and biological agents. Advanced-degree workers typically earn triple what workers who lack a high school diploma earn, so the loss of an advanced degree job has a much [...]
October 16, 2012 at 10:04 pm
It’s hard to come by well-informed people about this subject, however, you seem like you know what you’re talking about!
Thanks
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