While strides have been made toward equal pay amongst all sexes and races, statistics expose that even in 2023, Americans are still not paid equally. Females have actually made gains in their decades-long fight for pay equity, however disparities continue to be. According to 2017 information from the Institute for Female’s Plan Research, earnings for white ladies in the UNITED STATE balanced concerning 82% of what white males earned. The wage gaps are also better for women of shade: black females earned only 65.3% of the average white male’s wage in 2017, while Hispanic females absorbed just 61.6%. The closest to pay equity amongst nonwhite ladies were Oriental ladies, who earned 93.5% of the average white male’s pay– but even their profits only involved 75.5% of what Asian males balanced.
Men and women both see a rise in revenues after the 16-24 age group. Nonetheless, salaries top for women in the 35 to 44 age, while salaries top for guys between the ages of 45 as well as 64. Afterwards, wages start to decrease for both genders.
To see how much Americans make at every age, BreakingFinancialPoint considered the Bureau of Labor Data’ (BLS) Weekly as well as Hourly Revenues from its Current Population Study for different age groups, genders and ethnic backgrounds. The BLS information tracks quarterly salaries from the beginning of 2000 with the very first two quarters of 2023. BreakingFinancialPoint took a look at the typical annual wage for each age group across all ethnicities and also sexes and then supplied separate malfunctions for men and women and 4 major racial/ethnic groups: whites, blacks, Latinos and also Asians. Weekly median profits were multiplied by 52 to get average 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 Gender
Women 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, we 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
- Annual Salary for Men: $25,870
- Annual Salary for Women: $22,126
20 to 24 Years Old
- Annual Salary for Men: $32,136
- Annual Salary for Women: $28,860
25 to 34 Years Old
- Annual Salary for Men: $45,968
- Annual Salary for Women: $40,014
35 to 44 Years Old
- Annual Salary for Men: $59,488
- Annual Salary for Women: $47,606
45 to 54 Years Old
- Annual Salary for Men: $60,398
- Annual Salary for Women: $46,150
55 to 64 Years Old
- Annual Salary for Men: $60,632
- Annual Salary for Women: $45,630
65 Years Old and Older
- Annual Salary for Men: $53,872
- Annual Salary for Women: $42,588
Pay Broken Down by Age and Race
In 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
- Annual Salary for Asian Americans: $35,256
- Annual Salary for Black or African Americans: $24,960
- Annual Salary for Hispanic or Latino Americans: $28,262
- Annual Salary for White Americans: $30,550
25 to 54 Years Old
- Annual Salary for Asian Americans: $65,546
- Annual Salary for Black or African Americans: $39,598
- Annual Salary for Hispanic or Latino Americans: $37,622
- Annual Salary for White Americans: $50,518
55 Years Old and Older
- Annual Salary for Asian Americans: $51,012
- Annual Salary for Black or African Americans: $40,092
- Annual Salary for Hispanic or Latino Americans: $38,012
- Annual Salary for White Americans: $53,482
