The level of education achieved continues to be a factor in income growth for different racial and ethnic groups, but the amount of that growth varies, according to a U.S. Census Bureau report.
For instance, 49 percent of Asian-Americans older than 25 had obtained a bachelor’s degree, and they had the highest median household income, at $60,367; 30 percent of whites in that age group had bachelor’s degrees, and they had the second-highest median household income, at $50,622.
However, although 17 percent of African Americans had bachelor’s degrees, their median household income, $30,939, was lower than that of other groups that had a lower percentage of members earning bachelor’s degrees. Twelve percent of Hispanics, for instance, had bachelor’s degrees, and their median household income is $36,278.
Vol. 26, Issue 13, Page 12Published in Print: November 29, 2006, as Education-Income Link