Sources of Income

The biggest source of income for the largest number of people is, of course, earnings, which vary not only with productivity and length of time

Table 10-1 Median 1995 Income of Men and Women by Educational Attainment

Men Women

Table 10-1 Median 1995 Income of Men and Women by Educational Attainment

Educational attainment

Total

Full-time

Total

Full-time

Less than 9th grade

11,723

18,354

7,096

13,577

9 th-12th grade

15,791

22,185

8,057

15,825

High school graduate

23,365

29,510

12,046

20,463

Some college, no degree

28,004

33,883

15,552

23,997

Associate degree

31,027

35,201

19,450

27,311

Bachelor's degree

39,040

45,266

24,065

32,051

Master's degree

49,076

55,216

33,509

40,263

Professional degree

66,257

79,668

38,588

50,000

Doctorate degree

57,356

65,336

39,821

48,141

Source: Data from US. Bureau of the Census, September 1996.

Source: Data from US. Bureau of the Census, September 1996.

on the job but also with the perceived value of the job to the hiring organization and society as a whole. Of the 188 million Americans over age 14 receiving incomes in 1995, approximately 75% (140 million) had earned incomes. However, anyone who has attempted to complete an income tax form knows that gainful employment is not the only source of income. Depending on their age and status, people may receive income from any of the sources listed in Figure 10-2. As shown in this figure, many people have interest, Social Security, dividend, and pension income. Smaller numbers of people receive substantial amounts of income from survivors' benefits, disability benefits, alimony, workers' compensation, and other sources ((U.S. Bureau of the Census, 1996).

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