Education Vs. Income Level in The USA
EDUCATION VS INCOME LEVEL USA PUBLIC'S PERCEPTION: RELATIONSHIP BETWEEN LEVEL OF EDUCATION AND INCOME IN ORDER TO GET AHEAD IN LIFE THESE DAYS, IT'S NECESSARY TO GET A COLLEGE DEGREE 1978 2009 25% 47% 49% 73% Agree Disagree AVERAGE LIFETIME INCOME BASED ON EDUCATION LEVEL of 25 - 64 year olds who maintain full-time year round employment over a 40 year period $2.42 M $3.52 M Bachelor's Degree Doctorate Degree $1.63 M Some College $1.37 M High School Diploma $4.16 M $1.81 M $2.83 M Associate's Master's Degree Professional Degree Degree HOW DOES EDUCATION LEVEL RELATE TO... THE CAREER YOU CHOOSE? UNEMPLOYMENT RATES? AVERAGE HOURLY EARNINGS? READ ON TO FIND OUT MORE HOW DOES EDUCATION LEVEL RELATE TO THE CAREER YOU CHOOSE? Number of people in various occupational fields based on eduation level for those 25 and older 2012 High school Graduate Bachelor's degree Master's degree Doctorate degree Figures below denote the number of people at that education level MANAGEMENT, BUSINESS, FINANCIAL OCCUPATIONS 3,374 K 8,296 K 3,513 K 347 K 2,000 k 4,000 k 6,000 k 8,000 k PROFESSIONAL AND RELATED OCCUPATIONS 2,066 K 10,329 K 6,680 K 1,920 K 2,000 k 4,000 k 6,000 k 8,000 k 10,000 k 12.000 k SOCIAL SERVICE OCCUPATIONS 7,438 K 2,395 K 425 K | 38 K 1,000 k 2,000 k 3,000 k 4,000 k 5,000 k 6.000 k 7.000 k 8,000 k SALES AND RELATED OCCUPATIONS 3,503 K 3,382 K 619 K 45 K 500 k 1,000 k 1,500 k 2,000 k 2,500 k 3,000 k 3,500 k 4.000 k OFFICE AND ADMINISTRATIVE OCCUPATIONS 5,109 K 2,913 K 511 K 32 K 1,000 k 2,000 k 3,000 k 4,000 k 5,000 k 6,000 k EDUCATIONAL AND HEALTH SERVICE OCCUPATIONS 5,028 K 7,704 K 5,439 K 1,432 K 1,000 k 2,000 k 3,000 k 4,000 k 5,000 k 6,000 k. 7,000 k 8,000 k INSTALLATION, MAINTENANCE, AND REPAIR OCCUPATIONS 1,756 K 337 K 59 K 500 k 1,000 k 1,500 k 2,000 k AGRICULTURE, FORESTRY AND FISHING OCCUPATIONS 650 K 264 K 63 K 12 K 100 k 200 k 300 k 400 k 500 k 600 k 700 k 800 k NATIONAL UNEMPLOYMENT RATE 2003-2012 15% Less than a high school diploma 12% High school graduate U.S. unemployment Less than a Bachelor's degree College graduate 3% 0% 2003 "04 '05 '06 '07 '08 '09 10 2012 2013 UNEMPLOYMENT RATE BASED ON EDUCATION LEVEL 12% Less than a high school diploma 8.1% High school graduates 7% Some college or Associate's degree 3.7% Bachelor's or greater 12% 10% 8% 0% UNEMPLOYMENT RATE VS MEDIAN WEEKLY EARNINGS 2012 2.5% $1,624 DOCTORAL 3.5% $1,300 MASTER'S 4.5% $1,066 BACHELOR'S 6.2% $785 ASSOCIATE'S 7.7% $727 SOME COLLEGE, NO DEGREE 8.3% $652 HIGH SCHOOL DIPLOMA 12.4% $471 LESS THAN A HIGH SCHOOL DIPLOMA OCCUPATIONS THAT PAY Median annual earnings of various fields with bachelor's degree 2011 Engineering $91,611 Computers, Mathematics, Stats $80,180 Physical Sciences $80,037 Social Sciences $70,197 Bio, Agriculture, Environmental Sciences $70,025 Multidisciplinary $55,704 Psychology $55,509 MEAN HOURLY WAGE 2012 $63.25 $34.64 $32.47 $23.52 $20.06 $19.04 $19.80 $14.52 Management Professional Social Service Sales Office & Admin Education Maintenance Agriculture SOURCES http://www.bls.gov/emp/ep_chart_001.htm (2009 Pew Research Center survey; CBS News/New York Times survey conducted in April 3-7, 1978) http://www.census.gov/compendia/statab/2012/tables/12s0232.pdf http://www.bls.gov/oes/current/naics4 551100.htm#(8) http://www.bls.gov/news.release/empsit.t04.htm#cps empsit a04.f.2 http://www.bls.gov/emp/ep chart 001.htm VARSITY TUTORS http://data.bls.gov/pdq/SurveyOutputServlet
Education Vs. Income Level in The USA
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