What is the average salary of a college graduate versus high school graduate?

On average, college graduates earn more money than high school graduates. According to the U.S. Bureau of Labor Statistics, the median annual wage for full-time workers with a bachelor's degree was $65,660 in May 2020, while the median annual wage for full-time workers with only a high school diploma was $48,350. This means that college graduates earned, on average, about 35% more than high school graduates.

However, it is important to note that there is a wide range of salaries within each education level. Some college graduates may earn less than some high school graduates, and some high school graduates may earn more than some college graduates. The specific salary that a person earns depends on many factors, including their field of study, level of experience, and geographic location.

In general, college graduates have more opportunities for higher-paying jobs. This is because many jobs require a college degree, and even for jobs that do not require a degree, a college education can give workers an advantage in terms of skills and knowledge.

In addition, college graduates are more likely to have access to benefits such as health insurance, retirement plans, and paid time off. These benefits can add significant value to a worker's compensation package.

Overall, while there are some exceptions, college graduates generally earn more money than high school graduates. If you are considering pursuing a college education, it is important to weigh the costs and benefits carefully to make sure that it is the right decision for you.

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