A little food for thought!!!
You just cant beat a education!!!
Question:
What is the average income for young adults?
Response:
For young adults ages 25–34 who worked full time (35 or more hours per week) throughout a full year (50 or more weeks of employment), higher educational attainment was associated with higher median earnings. This pattern of higher median earnings corresponding with higher levels of educational attainment was consistent for each year examined between 1995 and 2009. For example, young adults with a bachelor's degree consistently had higher median earnings than those with less education.
In 2009, the median of the earnings for young adults with a bachelor's degree was $45,000, while the median was $21,000 for those without a high school diploma or its equivalent, $30,000 for those with a high school diploma or its equivalent, and $36,000 for those with an associate's degree. In other words, young adults with a bachelor's degree earned more than twice as much as those without a high school diploma or its equivalent in 2009 (i.e., 114 percent more), 50 percent more than young adult high school completers, and 25 percent more than young adults with an associate's degree. In 2009, the median of the earnings of young adults with a master's degree or higher was $60,000, some 33 percent more than the median for young adults with a bachelor's degree.
Earnings differences were also observed by sex. In 2009, the median of the earnings for young adult males was higher than the median for young adult females at every education level. For example, in 2009, young adult males with a bachelor's degree earned $51,000, while their female counterparts earned $40,100.
SOURCE: U.S. Department of Education, National Center for Education Statistics. (2011). The Condition of Education 2011 (NCES 2011–033), Indicator 17.
Median annual earnings of full-time, full-year wage and salary workers ages 25–34, by educational attainment and sex: Selected years, 1980–2009
[In constant 2009 dollars]
Year All education levels High school diploma or equivalent Bachelor's degree
Male
1980 $45,000 $44,000 —
1985 43,900 39,900 —
1990 41,000 36,100 —
1995 38,000 33,800 49,300
2000 41,100 36,100 56,100
2005 38,400 33,000 49,400
2009 40,000 32,900 51,000
Female
1980 $31,200 $28,600 —
1985 31,900 27,900 —
1990 32,000 26,300 —
1995 31,000 24,800 39,400
2000 33,600 26,200 43,600
2005 33,000 26,400 41,700
2009 35,000 25,000 40,100
— Not available.
SOURCE: U.S. Department of Education, National Center for Education Statistics. (2011). The Condition of Education 2011 (NCES 2011–033), Table A-17-1.
Related Tables and Figures: (Listed by Release Date)
2011, Digest of Education Statistics 2010, Table 391. Median annual earnings of year-round, full-time workers 25 years old and over, by highest level of educational attainment and sex: 1990 through 2009
2011, Digest of Education Statistics 2010, Table 392. Distribution of earnings and median earnings of persons 25 years old and over, by highest level of educational attainment and sex: 2009
Other Resources: (Listed by Release Date)
2011, Baccalaureate and Beyond Longitudinal Study (B&B) examines students’ education and work experiences after they complete a bachelor’s degree, with a special emphasis on the experiences of new elementary and secondary teachers.
2010, Current Population Survey (CPS) is a household survey conducted by the Bureau of the Census for the Bureau of Labor Statistics providing information about employment, unemployment, and other characteristics of the civilian noninstitutionalized population.