The earnings of 25-to-34-year-olds who work full-time are lower today than they were in 2000 in almost every educational attainment group, according to a National Center for Education Statistics' analysis of the Current Population Survey.
Young people well know that a college degree guarantees them higher earnings than their less-educated peers. What they may not know is this: a degree doesn't guarantee them higher earnings than their college-educated counterparts in the past. As of 2016, the median earnings of men aged 25 to 34 with a bachelor's degree who worked full-time were 9 percent below the median earnings of their counterparts in 2000. Today's college graduates have less money to pay off much larger student loans.
Among all men aged 25 to 34 who work full-time, median earnings fell 2 percent between 2000 and 2016, after adjusting for inflation—from $44,880 to $43,970. By educational attainment, only high school dropouts saw their median earnings rise during the time period. The biggest earnings decline occurred among men with only some college, whose median earnings fell 14 percent between 2000 and 2016, after adjusting for inflation.
Median earnings of men aged 25 to 34 who work full-time by education, 2016 (and percent change in earnings since 2000; in 2016 dollars)
$28,560 for those who did not graduate from high school (+2.8%)
$34,750 for high school graduates only (–13.6%)
$37,980 for those with some college, no degree (–14.3%)
$43,000 for those with an associate's degree (–11.8%)
$56,960 for those with a bachelor's degree (–8.8%)
$71,640 for those with a master's or higher degree (–6.4%)
Source: National Center for Education Statistics, The Condition of Education, Annual Earnings of Young Adults
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