Here’s How Much Americans Make at Every Age — Do You Measure Up?While strides have been made toward equal pay among all genders and races, statistics reveal that even in 2019, Americans are still not paid equally. Women have made gains in their decades-long fight for pay equity, but disparities remain. According to 2017 data from the Institute for Women’s Policy Research, wages for white females in the U.S. averaged about 82% of what white males earned. The wage gaps are even greater for women of color: black females earned only 65.3% of the average white male’s wage in 2017, while Hispanic females took in only 61.6%. The closest to pay equity among nonwhite women were Asian women, who earned 93.5% of the average white male’s pay — but even their earnings only came to 75.5% of what Asian males averaged. Men and women both see an increase in earnings after the 16-24 age group. However, wages peak for women in the 35 to 44 age group, while wages peak for men between the ages of 45 and 64. After that, wages begin to decline for both genders. To see how much Americans make at every age, GOBankingRates looked at the Bureau of Labor Statistics’ (BLS) Weekly and Hourly Earnings from its Current Population Survey for different age groups, genders and ethnicities. The BLS data tracks quarterly wages from the beginning of 2000 through the first two quarters of 2019. GOBankingRates looked at the average annual wage for each age group across all ethnicities and genders and then provided separate breakdowns for men and women and four major racial/ethnic groups: whites, blacks, Latinos and Asians. Weekly median earnings were multiplied by 52 to get median annual earnings. 16 to 19 Years Old
20 to 24 Years Old
25 to 34 Years Old
35 to 44 Years Old
45 to 54 Years Old
55 to 64 Years Old
65 Years Old and Older
Pay Broken Down by Age and GenderWomen have seen some growth in pay equity since the late 1970s, when full-time, wage-earning women earned 62% of what men were paid. However, GOBankingRates found that in 2017, women still only earned 82% of what men made, according to the BLS. Per that same data, women made the lowest wages between the ages of 16 and 24 and hit their highest pay in the 35 to 44 age group — which, as you’ll see, is a trend that’s held steady. 16 to 19 Years Old
20 to 24 Years Old
25 to 34 Years Old
35 to 44 Years Old
45 to 54 Years Old
55 to 64 Years Old
65 Years Old and Older
Pay Broken Down by Age and RaceIn addition to gender differences, there are also significant disparities in wages for different races and ethnicities. In every age group, white Americans make more, sometimes significantly more, than their same-age or -gender peers of color. Note that the BLS only provides data for four major race groups. For this section, the number of age groups was narrowed down to three: 16- to 24-year-olds, 25- to 54-year-olds and 55-year-olds and older. 16 to 24 Years Old
25 to 54 Years Old
55 Years Old and Older
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Methodology: GOBankingRates determined how much Americans make at every age by sourcing the Bureau of Labor Statistics’ (BLS) Weekly & Hourly Earnings from its Current Population Survey for a variety of demographics, including different genders, racial and ethnic groups and age groups. Data from the BLS covers the four quarters of each year from 2000 through the first two quarters of 2019. Weekly median earnings were multiplied by 52 to get average annual earnings. All data compiled Aug. 24, 2019. This article originally appeared on GOBankingRates.com: Here’s How Much Americans Make at Every Age — Do You Measure Up?
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