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
