Tuesday, December 26, 2006

Who Earns the Most Based on Their Educational Level - by Ed Bagley

Who Earns the Most Based on Their Educational Level - by Ed Bagley: "Colleges and universities are fond of reminding anyone who will listen that there is great value in earning a bachelor's degree. In the most recent statistics available the U. S. Census Bureau tends to agree.

Results from the 2004 Census Bureau report shows a $23,000 difference between the average annual salary of adults with a bachelor's degree ($51,554) compared to adults with a high school diploma ($28,645).

In what may or may not be an anomaly, the income gap narrowed slightly from five years earlier when bachelor's degree graduates made nearly twice as much as high school graduates.

The percentage of Americans 25 and older with a bachelor's degree rose to 28%, and the percentage with a high school diploma rose to 85%. In 1970, 36 years ago, only 11% of Americans had a bachelor's degree and a little more than half had a high school diploma.

It is probable that the increase over time has had much to do with the advent of technology in our society, and the impact of Internet accessibility to the general public in 1993 and 1994 through the creation of browsers."