People with a bachelor’s degree earned almost twice as much as those with just a high school diploma, according to data for 2003 released last week by the U.S. Census Bureau.
Employees with a four-year college degree earned an average of $51,206 that year, while those with a high school diploma earned only $27,915. Workers with an advanced degree made an average of $74,602, and those without a high school diploma averaged $18,734.
White men with bachelor’s degrees had the highest salaries—an average of $66,000 in 2003.
Black and Asian-American women with college degrees made more money than their white female counterparts. While a college-educated woman of Asian descent made $43,700 in 2003 and a college-educated African-American woman made $41,000, a white woman with a bachelor’s degree typically earned $37,800.
Vol. 24, Issue 30, Page 10Published in Print: April 6, 2005, as College Payoff