The given tables demonstrate average annual earnings between graduates and non-graduates in the UK from 2000 to 2010, both overall and across five age brackets.
Overall, the average number of income between two education levels show a sharp discrepancy. Moreover, graduates’ income rose to a peak at the age of 52 before declining, whereas salaries paid for non-graduates stayed stably from age 32 to age 52.
Regarding all age groups combined, average individuals who have degrees earned around £29,900 every year, while those who had not graduated were given £17,800 euros, resulting in a substantial gap of £12,100.
Turning to specific age bands, at the age of 22, the difference was marginal, with graduates on £15,800 versus £14,500 for undergraduates. However, by ages 32, 42, and 52, the disparity widened markedly. While graduates’ salaries witnessed an upward trend until they reached the highest remuneration, ranging from £31,500, £32,800, to £33,900, non-graduates remained tactic at only £19,100. Finally, earnings for both groups declined when employees were 62 years old, with respective figures being £23,100 euros for graduates and £15,300 for non-graduates.