RELEASED: 12:01 A.M. EST, MARCH 28, 2005 (MONDAY) |
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Mike Bergman | CB05-38 |
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College Degree Nearly Doubles Annual Earnings, |
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New information from the U.S. Census Bureau reinforces the value of a college education: workers 18 and over with a bachelor’s degree earn an average of $51,206 a year, while those with a high school diploma earn $27,915. Workers with an advanced degree make an average of $74,602, and those without a high school diploma average $18,734. According to new tables released on the Internet titled Educational Attainment in the United States: 2004, 85 percent of those age 25 or older reported they had completed at least high school and 28 percent had attained at least a bachelor’s degree — both record highs. Other highlights for the population 25 years and over in 2004:
The data on educational trends and attainment levels are shown by characteristics such as age, sex, race, Hispanic origin, marital status, occupation, industry, nativity and, if foreign-born, when they entered the country. The tables also describe the relationship between earnings and educational attainment. Although the statistics are primarily at the national level, some data are shown for regions and states. - X - The data were collected in the Annual Social and Economic Supplement to the Current Population Survey (CPS). As in all surveys, the CPS data are subject to sampling variability and other sources of error. For further information on the source of the data and accuracy of the estimates, including standard errors and confidence intervals, go to Appendix G of <http://www.census.gov/apsd/techdoc/cps/cpsmar04.pdf>.
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