Education and Earnings in the U.S.
Americans have made remarkable gains in educational attainment over the last half-century. In 1940, only a quarter of the population aged 25–64 had graduated from high school; by 1998, over 80% had. Even more remarkable has been the proportional increase in the share of the population that attained a college or graduate degree—five times greater in 1998 than in 1940.
Suggested citation: "Education and Earnings in the U.S.," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-05, pp. 13-14, 05.01.2000.