Weekly earnings by educational attainment in the second quarter of 2014

July 25, 2014

Median weekly earnings of the nation's 106.6 million full-time wage and salary workers were $780 in the second quarter of 2014 (not seasonally adjusted). This was essentially unchanged from a year earlier, compared with a gain of 2.1 percent in the Consumer Price Index for All Urban Consumers over the same period. Full-time workers age 25 and older earned a median of $831 per week in the second quarter of 2014, with large differences in earnings among educational attainment categories.

Selected deciles of usual weekly earnings of full-time wage and salary workers age 25 and older by educational attainment, second quarter 2014

 

Selected deciles of usual weekly earnings of full-time wage and salary workers age 25 and older by educational attainment, second quarter 2014
Educational attainmentFirst decileMedian (fifth decile)Ninth decile

Total

$395$831$1,921

Less than a high school diploma

305492897

High school graduates, no college

3686661,357

Some college or associate degree

4007571,550

Bachelor's degree only

5201,0982,399

Advanced degree

6791,3773,087

Note: Dollar amounts refer to the upper limit of each decile.

 

Full-time workers age 25 and older without a high school diploma had median weekly earnings of $492, compared with $666 for high school graduates with no college experience. Workers whose highest level of education was a bachelor's degree had median earnings of $1,098. Full-time workers with advanced degrees (professional or master's degree and above) had a median of $1,377.

The highest-earning 10 percent of workers with a bachelor’s degree made $2,399 or more per week, more than four times the level of the lowest-earning 10 percent of workers with a bachelor’s degree ($520 or less).

These data are from the Current Population Survey. For more information, see "Usual Weekly Earnings of Wage and Salary Workers — Second Quarter 2014" (HTML) (PDF), news release USDL‑14‑1347. Full-time workers are those who usually work 35 hours or more per week at their sole or principal job. Ten percent of all full-time wage and salary workers earn less than the upper limit of the first decile; 50 percent earn less than the upper limit of the median or fifth decile; 90 percent earn less than the upper limit of the ninth decile.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Weekly earnings by educational attainment in the second quarter of 2014 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140725.htm (visited October 25, 2014).

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