The table below shows the difference salaries between the graduated people and the non-graduates from 2000 to 2010.
Looking at the illustration, it is immediately evident that the income bracket of the graduates higher than the people who are not graduates. Additionally, the graduate’s slaries at various ages surveyed showed an overall upward trend, opposite with the salary of non-graduates.
Analyzing the data of the average salary, it is evident that graduates earned more than non-graduates, and their incomes are steadier about 29.900 pounds, which was double than the people who are not graduates.
The average salaries in different age groups have many changes. At the age of 22, bachelor’s degree’s holder achieved 15.800 pounds while that of the non-graduates was slightly lower at 14,500. In the next decade, the salaries of the former almost doubled to 31.500 pounds which far outstripped the latter at 19.100 pounds during the same period. Besides, the figure for graduates steadily increased by 1.300 pounds whereas the salaries of non-graduates have not changed. Over time, 42-to-52-year-old individuals with a degree obtained a constantly rising wage to nearly 34,000 while their peers got a decreasing salary by almost 1,000. Both cohorts indicate a dramatic decline in the income to 23,100 for graduates and 15,300 for non-graduates when they reached the age of 62.