Richard Florida
by Richard Florida
Thu Jun 28th 2007 at 10:00am UTC

By the Numbers: Age Profiles

For this week’s By the Numbers, (with the assistance of data whiz Jim Kaminski) we look at national age profiles for those 25-30,  40-45, and 55-60.    For these groups, we have examined average salary, place of employment, educational attainment, and demographics.

Key takeaways:

  • Average salary for those 55 to 60 is approximately 58% higher than those 25 to 30.
  • 3/4 of those 25 to 30 work in the private sector.
  • As workers get older, self-employment identification rises.
  • 20% of those 25 to 30 are foreign born — compared to 12% of those 55 to 60.
  • Nearly 69% of those 55 to 60 are married compared to 46% of those 25 to 30.

Average Salary:

Ages (25-30): $29,342
Ages (40-45): $45,475
Ages (55-60): $46,487


Place of Employment:

Private Sector:

Ages (25-30): 76%
Ages (40-45): 66%
Ages (55-60): 56%

Non Profit:

Ages (25-30): 7%
Ages (40-45): 7%
Ages (55-60): 8%

Public Sector:

Ages (25-30): 12%
Ages (40-45): 15%
Ares (55-60):  21%

Self-employed:

Ages (25-30): 5%
Ages (40-45): 12%
Ages (55-60): 15%

Educational Attainment:

Bachelor’s Degree:

Ages (25-30): 22%
Ages (40-45): 18%
Ages (55-60): 17%

Advanced Degree:

Ages (25-30): 7%
Ages (40-45): 10%
Ages (55-60): 13%

Demographics:

Foreign Born:

Ages (25-30): 20%
Ages (40-45): 17%
Ages (55-60): 12%

Married:

Ages (25-30): 46%
Ages (40-45): 67%
Ages (55-60): 69%

Any of these demographics differences surprising?

For more information about research services, contact David Miller

posted by: Steven 

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