
What's the average salary in the US?
In the first quarter of 2025, the median weekly wage rose to $1,194 — which translates to a monthly income of $5,174 or approximately $62,088 annually — representing a 4.8 percent increase from the same period in 2024.
Gender pay gap persists
Women earned $1,096 per week, about 83.9 percent of the median weekly wage of $1,307 for men, according to data. The wage gap varied by race and ethnicity:
Black women: 96.8 percent of Black men's median earnings
Hispanic women: 88.7 percent of Hispanic men's earnings
White women: 82.2 percent of White men's earnings
Asian women: 79.9 percent of Asian men's earnings
What is the average US salary by age?
Age remains a significant factor in earnings, with pay generally increasing with age until mid-career, then declining near retirement:
16-19 years old: $648 weekly or $33,696 annually
20-24 years old: $792 weekly or $41,184 annually
25-34 years old: $1,125 weekly or $58,500 annually
35-44 years old: $1,332 weekly or $69,264 annually
45-54 years old: $1,376 weekly or $71,552 annually
55-64 years old: $1,302 weekly or $67,704 annually
65+ years old: $1,222 weekly or $63,544 annually
Men aged 45 to 54 earned the most at $1,512 per week, according to the data, while women's earnings peaked slightly lower, with those aged 45 to 54 earning $1,233 weekly.
Young workers aged 16 to 24 had the smallest gender gap, with women earning 92.2 percent of what men earned. The gap widened with age, at 84 percent for workers aged 25 to 54, and just 77.1 percent for those aged 55 and older, according to BLS data.
What is the average US salary by education level?
Education also plays a significant role in earning potential, the data showed. Here's what the median salary for U.S. workers looks like by educational attainment:
Workers with a bachelor's degree earned over 68 percent more than those without any college education, or about $33,800 more per year.
Among top earners with advanced degrees, 10 percent of men made $5,079 or more per week, while women in that tier earned $3,528 or more.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Wood Mackenzie sees extended ‘sunset' for costly coal power
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Dive Brief: Rising electricity demand and a slowdown in the buildout of alternative sources of power generation could extend the use of coal globally and displace 2,100 GW of gas and renewables by 2050, Wood Mackenzie said in a report earlier this month. Under a high demand scenario, coal-fired power generation could peak in 2030, four years later than the analysis' 'base case' forecast. The economics and politics of coal are strongest in Asia. In the United States, coal is more expensive than gas or solar and storage, but the cost of building new gas power plants has nearly doubled and long-duration energy storage technology is not yet mature enough to convert solar and wind into true 'baseload' resources, the report said. Dive Insight: In Asia, national security concerns and economics favor coal for now, said Anthony Knutson, global head of thermal coal markets at Wood Mackenzie, although when it comes to just levelized cost, hybrid solar and storage remain cheaper than coal or gas. 'While the long-term trajectory towards renewables remains intact, the path is proving far more complex than many anticipated as countries grapple with energy security and affordability concerns,' Knutson said in a statement. Wood Mackenzie expects the levelized cost of unabated coal-fired power in the Asia and Pacific region to remain below $100/MWh in 2030, lower than the expected levelized cost of gas-fired power there. Coal-fueled power in the United States will cost about $230/MWh in the United States and about $270/MWh in Europe in 2030, according to the report. By then, gas-fired power will cost about $100/MWh in the United States and about $150/MWh in Europe, it said. Hybrid solar and storage will undercut coal and gas in all three regions, coming in around $60/MWh in Asia, $70/MWh in Europe and $80/MWh in the United States. Though the economics of gas-fired generation are more favorable in the U.S. than in Asian and European countries that rely on liquefied natural gas imports, its ability to match surging AI load growth forecasts is limited, the report said. While long-duration energy storage technology has advanced significantly in recent years, it cannot provide baseload power yet, it said. It's also becoming more expensive to replace aging coal plants with gas and renewables, causing 'sticker shock' for power producers looking to make the switch, the report said. It blamed tariffs, reshoring of production and infrastructure delays for pushing up the cost of new solar while noting a near-doubling of U.S. costs for new gas power plant builds.


New York Times
34 minutes ago
- New York Times
In New Deal, Trump Keeps Tariffs While Indonesia Drops Trade Barriers
The Trump administration provided more details Tuesday of the trade deal it reached with Indonesia, saying that the Indonesian government had agreed to roll back multiple trade barriers that U.S. companies have complained about and make purchases of American oil, gas and farm products. In a call with reporters, a senior official who declined to be named said that Indonesia had agreed to drop its tariff on nearly all American imports to zero, while the United States would maintain a 19 percent tariff on Indonesian products. That tariff would increase significantly for goods that are made in Indonesia but contain a certain percentage of parts or raw materials from countries designated as nonmarket economies, a list that includes China, Russia and Vietnam. Those products would face a 40 percent rate when entering the United States, the official said. The administration did not specify what percentage of products would qualify for the higher tariff. The comments provided more insight into the series of hasty deals that the Trump administration is negotiating with trading partners around the world ahead of a self-imposed Aug. 1 deadline. As Mr. Trump seeks to reorder America's trading relationships, the White House has reached framework agreements with Britain, Vietnam and Indonesia, as well as a trade truce that rolled back some tariffs with China. But Mr. Trump has typically announced these deals on his social media account, without providing details about what was agreed to. The White House has released more information hours or days later, or, in the case of the Vietnam deal, which Mr. Trump announced July 2, not at all. For instance, Mr. Trump announced that he had reached a trade deal with the Philippines, after a meeting at the White House on Tuesday with President Ferdinand Marcos Jr. Mr. Trump wrote on Truth Social that he had a 'beautiful visit' with Mr. Marcos and cemented a trade deal that would put a 19 percent tariff on exports from the Philippines. American goods going into the country would face zero tariffs, he said, and the countries would expand their military cooperation. No other details have been announced confirming the terms. Want all of The Times? Subscribe.


Business Upturn
39 minutes ago
- Business Upturn
Aspida Re Expands Global Footprint with Strategic Reinsurance Transaction in Japan
DURHAM, N.C., July 22, 2025 (GLOBE NEWSWIRE) — Aspida Life Re Ltd ('Aspida Re'), a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025. This milestone marks a significant step in Aspida Re's ongoing strategy to expand its global footprint and deliver innovative reinsurance solutions to life and annuity insurance partners worldwide. The transaction was completed with a highly rated Japanese life insurance carrier ('Company'). Aspida Re, rated A- (Excellent) by AM Best, will reinsure new or incoming flow business. The reinsured product is a Japanese yen (JPY) denominated fixed annuity, highlighting Aspida Re's ability to manage foreign exchange risk and deliver tailored solutions to its cedents. 'This transaction is highly strategic for Aspida Re,' said David Florian, CEO of Aspida Re. 'It reflects our deep commitment to the Japanese market and our broader vision of supporting insurers around the world with innovative, capital-efficient reinsurance solutions.' Aspida Re's continued growth in Asian markets demonstrates its agility and expertise in navigating complex regulatory and financial environments, while reinforcing its role as a trusted partner in the global reinsurance landscape. 'We are excited to secure our second Japanese reinsurance agreement,' said Jon Steffen, President and Chief Actuary of Aspida Re. 'Our flexibility and customized solutions allow us to provide significant advantage to clients and partners, no matter their location.' To learn more about Aspida Re, visit About Aspida Re Aspida Life Re Ltd ('Aspida Re'), a Bermuda-based reinsurance platform, is focused on providing efficient and secure life and annuity reinsurance solutions to its global clients. Aspida Re seeks to be a trusted partner in its clients' long-term financial growth by delivering creative, customized solutions while driving business by doing good for the communities it serves. Aspida Re is part of Aspida Holdings Ltd, with over $23.1bn in total assets as of March 31, 2025. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions, and corporate development partner to Aspida Re. For more information on Aspida Re, please visit or follow them on LinkedIn. Krystle Cajas, PR Contact [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash