Education pays off
The next time you hear about a kid that wants to quit school tell them how much it will cost. According to tabulations just released by the U.S. Census Bureau, in 2006, adults 18 and older with a master's, professional or doctoral degree earned an average of $79,946, while those with less than a high school diploma earned about $19,915.
The "2006 Current Population Survey's Annual Social and Economic" supplement, which is conducted in February, March and April at about 100,000 addresses nationwide, also showed adults with a bachelor's degree earned an average of $54,689 in 2005, while those with a high school diploma earned $29,448.
Other highlights from the tables found:
High school graduation rates for women 25 and older continued to exceed those of men, 86 percent and 85 percent, respectively. However, a larger proportion of men held a bachelor's degree or higher (29 percent compared with 27 percent of women).
Non-Hispanic whites had the highest proportion of adults with a high school diploma or higher (91 percent), followed by Asians (87 percent), blacks (81 percent) and Hispanics (59 percent).
Minnesota and Alaska had the highest proportions of people 25 and older with a high school diploma or higher (around 93 percent).
The District of Columbia had the highest proportion of people 25 and older with a bachelor's degree or higher (49 percent).
A sizeable gender earnings gap still exists, according to the Bureau of Labor Statistics, across nearly every occupational category. Overall, full-time working women earn 80 cents to every dollar earned by men. African-American women are paid an average of 67 cents and Hispanic women an average of 56 cents for every $1 earned by a white male.
In related news, the Federal Reserve Bank of St. Louis conducted a study with researchers that found beautiful people tend to earn five percent more an hour than less attractive colleagues. Worse, the Fed found that plain or unattractive workers were penalized for their lack of looks, earning as much as nine percent less an hour.
Heavy white women were penalized for being overweight earning 17 percent less than women within the recommended body mass index range, while short men suffered similar discrimination. Those taller than the national median earned 1.8 percent increase in wages for every additional inch of height.
The "2006 Current Population Survey's Annual Social and Economic" supplement, which is conducted in February, March and April at about 100,000 addresses nationwide, also showed adults with a bachelor's degree earned an average of $54,689 in 2005, while those with a high school diploma earned $29,448.
Other highlights from the tables found:
High school graduation rates for women 25 and older continued to exceed those of men, 86 percent and 85 percent, respectively. However, a larger proportion of men held a bachelor's degree or higher (29 percent compared with 27 percent of women).
Non-Hispanic whites had the highest proportion of adults with a high school diploma or higher (91 percent), followed by Asians (87 percent), blacks (81 percent) and Hispanics (59 percent).
Minnesota and Alaska had the highest proportions of people 25 and older with a high school diploma or higher (around 93 percent).
The District of Columbia had the highest proportion of people 25 and older with a bachelor's degree or higher (49 percent).
A sizeable gender earnings gap still exists, according to the Bureau of Labor Statistics, across nearly every occupational category. Overall, full-time working women earn 80 cents to every dollar earned by men. African-American women are paid an average of 67 cents and Hispanic women an average of 56 cents for every $1 earned by a white male.
In related news, the Federal Reserve Bank of St. Louis conducted a study with researchers that found beautiful people tend to earn five percent more an hour than less attractive colleagues. Worse, the Fed found that plain or unattractive workers were penalized for their lack of looks, earning as much as nine percent less an hour.
Heavy white women were penalized for being overweight earning 17 percent less than women within the recommended body mass index range, while short men suffered similar discrimination. Those taller than the national median earned 1.8 percent increase in wages for every additional inch of height.
posted by Ken Calhoon at 10:33 AM
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