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Let’s take a closer look at the average salary by education level to see what dividends education pays.
Both the college you attend and area of study you choose to pursue can have a big impact on your future earnings.
These decisions don't negate the usefulness of a degree however, as we prepare for a heightening wave of unemployment in the coming months. These are the degrees that produce the highest earnings ...
2020 Median earnings & household income by educational attainment [11] [12] Measure Overall Less than 9th grade Some High School High school graduate Some college Associate's degree Bachelor's degree or higher Bachelor's degree Master's degree Professional degree Doctorate degree; Persons, age 25+ w/ earnings* $46,985: $25,162: $26,092: $34,540 ...
The second most dramatic difference in average income was between those with a bachelor's degree with $51,940 and those with an advanced degree who made $72,824, roughly $21,000 (42.2%) more. The least significant difference was between those who had graduated from high school and those who had either some college or an associate degree.
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
It ranked psychology as the No. 1 most popular graduate degree major, despite noncompetitive median earnings among psychology graduate degree holders. Best Graduate Degrees by Earnings, Popularity ...
The minimum wage is approximately 25% over the official U.S. government-designated poverty income level for a single person unit (before taxes) and about 63% of the designated poverty level for a family of four, assuming only one worker (before taxes). (See Poverty in the United States). Annual wages of $30,160; $45,240; $75,400; $150,800 and ...