Earnings Distribution by Education Level, 2007-2010
September 27, 2012
Education is one of the most important determinants of an individual’s earnings potential. For example, while almost 80 percent of high school dropouts made less than $30,000 in 2010, the cutoff for the 80th percentile among college graduates was around $100,000. A college degree is almost a requirement for individuals earning above $100,000 per year: more than 75 percent of them have at least a college degree. In the modern economy, then, having only a high school diploma offers one little chance of breaking into the highest-paying jobs.