Income After Taxes: Income After Taxes by Education: Bachelor's Degree
CXUINCAFTTXLB1308M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,156.00
Year-over-Year Change
46.88%
Date Range
1/1/1996 - 1/1/2012
Summary
This economic trend measures the average income after taxes for individuals with a bachelor's degree in the United States. It provides insights into the financial well-being and earning potential of college-educated Americans.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Income After Taxes by Education: Bachelor's Degree trend tracks the mean income, after accounting for federal, state, and local taxes, for U.S. residents who have obtained a bachelor's degree. This metric is crucial for analyzing the economic returns on higher education and informing policies related to taxation, education, and income inequality.
Methodology
The data is collected through household surveys by the U.S. Census Bureau.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the financial status and purchasing power of college-educated consumers.
Key Facts
- The average income after taxes for bachelor's degree holders was $57,863 in 2021.
- College graduates earn 67% more than high school graduates on average.
- The college earnings premium has increased by 20% over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average income, after accounting for taxes, for individuals in the United States who have obtained a bachelor's degree.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial well-being and earning potential of college-educated Americans, which is crucial for analyzing the economic returns on higher education and informing policies related to taxation, education, and income inequality.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess the financial status and purchasing power of college-educated consumers, which informs decisions related to taxation, education, and income distribution.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be a delay of several weeks before the latest figures are released.
Related Trends
Expenditures: Total Average Annual Expenditures by Age: Age 65 or over
CXUTOTALEXPLB0407M
Expenditures: Apparel and Services by Income Before Taxes: Less Than $5,000
CXUAPPARELLB0202M
Consumer Unit Characteristics: Percent College by Occupation: Wage and Salary Earners: Construction Workers and Mechanics
CXU980310LB1207M
Expenditures: Food Away from Home by Type of Area: Rural
CXUFOODAWAYLB1805M
Expenditures: Fresh Vegetables by Size of Consumer Unit: Two or More People in Consumer Unit
CXUFRESHVEGLB0503M
Expenditures: Water and Other Public Services: All Consumer Units
CXUWATERLB0101M
Citation
U.S. Federal Reserve, Income After Taxes: Income After Taxes by Education: Bachelor's Degree (CXUINCAFTTXLB1308M), retrieved from FRED.