facebook
twitter
rss
account
search
search
 

Education biggest factor in earnings

Sept. 8, 2011 at 4:47 PM   |   Comments

WASHINGTON, Sept. 8 (UPI) -- Education affects earnings more than any other demographic factor, a U.S. Census Bureau study found.

The study, released Thursday, looked at earnings over a 40-year career and found education had a greater impact than other factors including gender, race, citizenship, English-speaking ability and geographic location.

Those with a professional degree could expect median annual earnings of about $72,000, compared with $13,000 for those with an eighth-grade education, the study said.

"This analysis shows that there is a clear and well-defined relationship between education and earnings," Tiffany Julian, an analyst in the Census Bureau's Housing and Household Economic Statistics Division, said in a news release.

Among other findings, based on median annual earnings estimates:

-- White males had higher earnings than any other group at every education level except master's degree, for which Asian males had the highest.

-- A white female with a master's degree is expected to earn $2.4 million over a 40-year work life, compared with $2.8 million for a Hispanic male with a master's.

-- Asian men and women with a bachelor's degree reaped greater returns from their education than blacks or Hispanics of either gender.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Police suspect poisoning in death of Utah family Police suspect poisoning in death of Utah family
2
Piece of Amelia Earhart plane identified from Nikumaroro Piece of Amelia Earhart plane identified from Nikumaroro
3
Kaci Hickox won't obey Maine Ebola quarantine, state may go to court Kaci Hickox won't obey Maine Ebola quarantine, state may go to court
4
Optimistic Fed stops buying bonds to aid economy Optimistic Fed stops buying bonds to aid economy
5
'Operation' game inventor can't afford own surgery, the Internet responds 'Operation' game inventor can't afford own surgery, the Internet responds
Trending News
Around the Web
x
Feedback