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5 hours ago
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How much do dentists make?
You can make anywhere from $140,000 to more than $300,000 per year as a dentist, but it generally isn't the highest paid in the medical field. The current national average salary for dentists is $179,210, according to the Bureau of Labor Statistics. Consider shadowing a dentist and auditing university classes to gauge if a career in dentistry is right for you. Dentists who work in the public sector may qualify for loan forgiveness programs. Dentistry is a lucrative career, but you probably won't earn the highest-level dentistry pay right out of school. A few different factors affect how much dentists make a year, including experience level, location, specialty and employment sector. If you're thinking about a career in this high-paying field, here's what to know about the starting salaries for dentists, incomes for various specialties and whether the pay is worth dental school debt. The latest data from the Bureau of Labor Statistics (BLS) show that the annual national dentist salary is $179,210. Dentists working at private practices can earn even more. The American Dental Association (ADA) found that the average net income in 2023 was $191,750 for general dentists and $323,780 for specialists. You may be wondering what dentists do to get such a high salary. General dentists focus on oral care while teaching patients how to optimize their dental care routine. Dentists can also work as specialists, focusing on areas such as anesthesiology, endodontics, oral and maxillofacial radiology and surgery, orthodontics and oral pathology. The typical income in this line of work depends on several factors. Below are a few that can affect dentistry pay. The city and state where you practice have a significant effect on how much you'll earn as a dentist. For example, according to state-level data from BLS, the mean general dentist salary in Illinois is $184,490, while Wyoming- and Vermont-based dentists earn $154,030 and $240,740, respectively. Even wages between different areas in the same state can vary considerably. For example, in California, general dentists in the San Francisco metropolitan area earn a mean wage of $227,090 per year, while Los Angeles dentists earn a mean wage of $174,180. State Annual mean wage Vermont $240,740 Delaware $228,740 Minnesota $224,700 North Dakota $224,300 Maine $224,080 State Annual mean wage Indiana $209,500 Oregon $209,670 Georgia $203,300 Michigan $202,390 Alaska $202,250 State Annual mean wage West Virginia $171,380 South Dakota $166,690 Utah $148,860 Nevada $146,480 Mississippi $143,020 Dental specialties require two to six years of additional residency training. The ADA recognizes 12 dental specialties, all of which have higher salary potential than a career as a general dentist. Specialists stand to earn among the top dental incomes, but this requires more years of education and potentially more student loan debt to complete training in an accredited program. Specialty Average annual salary Oral and maxillofacial surgeon $368,879 Oral and maxillofacial radiologist $344,970 Orthodontist $309,402 Prosthodontist $330,066 Dental anesthesiologist $393,215 Oral pathologist $337,500 The number of years you've practiced as a licensed dentist can also influence your dentistry pay. With more experience, you'll qualify for more competitive salaries, and you may be able to accept more patients into your practice. General dentists with one to four years of experience command an average salary of $149,000 compared to the $172,000 average for those with ten to 19 years of experience, according to Payscale. The industry you work for affects your income. For example, the annual mean wage for dentists in a dental office is $178,300, according to BLS data, while dentists in government can clear an annual median salary over $213,000. Dentists who choose to work as specialists in private practice can earn even more. To illustrate, orthodontists earn $239,200 or more, and prosthodontists can earn $239,000 or more. Dentists are well-paid, but there are other high-paying opportunities in the healthcare sector. Here are some examples of other medical professionals who make more on average than dentists: Career Average salary Anesthesiologist $336,640 Surgeon $354,760 Obstetrician and gynecologist $281,130 Family medicine physician $256,830 General pediatrician $222,340 Consider the return on investment (ROI) for attending dental school. Are the costs of attending dental school really worth the expected salary? Dental school graduates from the class of 2024 had an average student loan debt of $312,700, according to data from the American Dental Education Association. This debt total accounts for unpaid undergraduate loans and loans accumulated during dental school. With an average annual salary for dentists of $179,210, you will make as much as you spent after two years. The earning potential from a dentistry career is competitive, but you'll also need to factor in the costs of your education if you're considering whether this career path is worth it. Here are some tips to help you make an informed decision: Shadow a dentist: A shadowing program lets you get a glimpse of what a dentist does day to day, and it's also a plus on your dental school application. Talk to a dental student: You'll face hours of daily coursework, studying, lab training and more. Talk to a current dental school student to learn how they manage the demands of dental school. Ask yourself if you'd work in the public sector: Dentists who serve in the public sector may earn less than those in the private sector, but they may also qualify for federal loan forgiveness, like Public Service Loan Forgiveness (PSLF) and state repayment programs. Dentistry and its related specialties can be a helpful and lucrative career. Keep in mind that if your main objective is a high salary, other fields can pay more. Your overall earnings potential will depend on where you live and practice, your years of experience and what kind of dentistry you plan to pursue. Dentists in private practice sometimes make higher incomes than those in public service but may not be eligible for federal student loan forgiveness such as PSLF. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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5 hours ago
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College graduate salaries: 2025 projections
Bachelor-degree holders can make about 66% more than high school graduates, according to the Bureau of Labor Statistics (BLS). The highest upward salary trends are in the agriculture, business, engineering and computer science fields. Disparities still exist based on age, race and gender: women, racial minorities and older workers make less. This year's college graduates face mixed earnings growth, according to the National Association of Colleges and Employers (NACE). But average college graduate salary projections are up for bachelor's degrees in engineering, computer science, business and agriculture/natural resources. Data shows that college remains one of the best paths to well-paying jobs. Bachelor's degree holders earn on average 66 percent more than high school graduates. This may be one reason why over a third of U.S. adults (35 percent) consider getting a college degree part of the American Dream, according to Bankrate's Home Affordability Survey. But college is expensive, and not all careers are equally profitable. The average projected starting salary in the U.S. for the class of 2025 at the bachelor's degree level is $68,680, according to an analysis of NACE data. Overall hiring projections for the class of 2025 are up 7.3% from last year. Engineering majors have the highest projected salary for the class of 2025 at $78,731, followed by computer science majors with a projected salary of $76,251. Agriculture and natural resources majors have the highest projected salary jump (2.8%), going from $61,399 in 2024 to $63,122 in 2025. Careers that call for higher skill and education levels pay significantly more than jobs that do not. BLS data show those with a bachelor's degree average 66 percent more earnings per week than those with just a high school diploma. Those with a professional degree, on the other hand, earn about 53 percent more than bachelor's degree holders. Education level Median weekly earnings Median annual salary Doctoral degree $2,278 $118,456 Professional degree $2,363 $122,876 Master's degree $1,840 $95,680 Bachelor's degree $1,543 $80,236 Associate degree $1,099 $57,148 Some college, no degree $1,020 $53,040 High school diploma, no college $930 $48,360 Less than a high school diploma $738 $38,376 Hiring projections were up this year as of January 2025, according to NACE. More than half of surveyed U.S. employers (57.1 percent) expect to maintain the number of college graduate hires steady, while over a quarter (27 percent) will increase hires. Only a small percentage (15.9 percent) expect to reduce hires compared to previous years. What's more, bachelor's degree earners in the Class of 2025 will have higher starting salaries depending on major, according to NACE data. Agriculture and natural resources majors will experience the highest salary jump, with a slight projected increase of 2.8%. Humanities previously had the highest increase at 28.9% but it has now been dropped from the table. Engineering and computer science, as well as math and science are the top paid, despite modest growth or decreases. Social science and communications took the largest dips for earnings. Major 2025 Starting salary projections Change from 2024 salary projections Engineering $78,731 2.6% Computer sciences $76,251 2.0% Math and sciences $69,709 -1.9% Social sciences $67,316 -3.6% Business $65,276 2.1% Agriculture and natural resources $63,122 2.8% Communications $60,353 -3.0% College graduates, on average, out-earn high school graduates. As mentioned, college graduates make 66% more weekly than high school graduates. Education is important across the board, as high school graduates can earn more than $10,000 annually over non-graduates, according to the U.S. Career Institute. Weekly, high school graduates earn a median amount of $930 compared to $1,543 for workers with a bachelor's degree, according to the BLS. Those with a master's degree earn a median weekly pay of $1,840, while those with a professional degree earn $2,363 weekly. Annually, high school graduates earn a median salary of $48,360 and bachelor's degree graduates earn a median salary of $80,236. Legislation like the Equal Pay Act aims to reduce systemic inequalities within the U.S. job market. Despite these endeavors, the racial and gender pay gaps persist. Both women and minorities — particularly Hispanic and Black graduates — earn less than their peers. 'We know that the gender pay gap and the racial pay gap — and intersections of those — are still a feature broadly of our labor market,' says Mary Gatta, Nace's director of research and public policy. 'It is important for students to really work hard on preparing for salary negotiations. Obviously, we have to continue to work on closing the pay gap across race and gender on the employer side as well and through public policy.' The gaps exist even if you control for seasonal and part-time labor. The salary numbers below are for full-time, year-round workers. Salary typically increases with age and experience up to a point. Median salaries tend to rise until age 44, when they start to drop. Age Median annual salary 20 to 24 $41,184 25 to 34 $58,500 35 to 44 $69,264 45 to 54 $71,552 55 to 64 $67,704 65 and older $63,544 On average, female graduates earn less than their male counterparts. The difference is $14,976 (27 percent) for associate degree graduates, $22,152 (27.3 percent) for bachelor's degree graduates and $29,016 (28.1 percent) for graduates with a master's degree or higher. Gender (age 25+) Associate degree or some college median annual earnings Bachelor's degree median annual earnings Advanced degree median annual earnings Male $62,868 $92,040 $117,572 Female $47,892 $69,888 $88,556 Racial salary disparities have also persisted in the U.S. economy. White and Asian workers earn significantly more than Black and Hispanic workers across all levels of education. The gap is particularly large between Asian and Hispanic full-time workers with a master's degree or higher. Asian workers earn a median income of $107,290, while Hispanic workers earn a median of just $62,290 — a 53 percent difference. Race/ethnicity (age 25-34) Associate degree median annual earnings Bachelor's degree median annual earnings Master's degree or higher median annual earnings Asian $52,170 $81,420 $107,290 Black $46,950 $56,030 $68,970 Hispanic $45,770 $57,100 $62,290 White $50,930 $70,250 $78,700 With college affordability still an issue for millions of Americans, many turn to student loans when other aid falls short. In fact, 51 percent of college undergraduates leave college with student loan debt. Bankrate's Money and Mental Health Survey found money negatively impacts the mental health of close to half of U.S. adults (43 percent), causing issues like increased stress, depression, sleep loss and anxiety. If you borrowed money to pay for school, there are a few ways to manage your debt effectively to avoid it from negatively impacting your life and finances. Apply for income-driven repayment If you have federal student loans, applying for an income-driven repayment (IDR) plan is one way you can make your monthly bill more affordable. These plans base your payment amount on your household size and income. In some cases, payments can be as low as $0. Employer assistance programs Employers are allowed to offer tax-free benefits up to $5,250 a year in student loan repayment assistance to qualifying employees. Though not every company offers this, it's worth asking your HR or benefits department whether yours does. State assistance programs Depending on your career and where you live, you may be eligible for repayment assistance from your state. Your state may forgive part of your balance or help you with a portion of your payments. Student loan refinancing Though you can refinance both federal and private student loans, this option is best suited for the latter. When you refinance federal student loans, they turn into private loans, so you lose access to IDR plans, administrative forbearance and federal forgiveness programs. Refinancing private student loans could lower your interest rate, monthly payments — or both — depending on your credit score and income, making your debt more manageable. Despite degree-based hiring trends taking a dip, median college graduate earnings still outpace those of high school graduates. College graduates earn more than 50% of what high school graduates do. The market still reflects age, race and gender disparities. If you need to finance the cost of education, look into employer and state assistance. You might also be able to refinance the loan. What's the difference between median and average salary? If you have all the salaries in your data lined up in order, the median is the salary that lands right in the middle. Exactly half of the salaries are over the median point and half are under. The average salary is what you get when you add all salaries and then divide by the total number of data points. Median data points tend to reflect trends better, as they cannot be as easily skewed by outlier numbers like averages. Does the average salary by age go up or down? Unfortunately, trends in salaries rise before a certain age and then start to trend down. According to the BLS, salaries tend to peak at ages 45 to 54, and then trend downward beginning at age 55. Does the average salary by education level vary by occupation? Yes, NACE data shows graduates with certain majors outearning those with other degrees. For instance, despite all having bachelor's degrees, engineering students out-earn communications students by over $18,000 annually as part of 2025 projections. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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8 hours ago
- Business
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Markets Await Jobs Data
We start a full week of trading this morning slightly in the red, based once again on — you guessed it — trade tensions. On Friday, President Trump accused China of violating its tariff agreement with the U.S., and late in the trading day Trump announced he would be doubling steel tariffs from 25% to 50%. This came as the president was celebrating the takeover of U.S. Steel (X) by Japan's largest steel producer, Nippon Steel. This has proven to be a boon for American steel manufacturer Cleveland-Cliffs (CLF), which is surging +24% this morning. Otherwise, currently both the blue-chip Dow and the tech-heavy Nasdaq are down -100 points, with the S&P 500 down -20 and the small-cap Russell 2000 is -4. All four indexes are in the green by single digits over the past month, but off the May 20th highs. This is also Jobs Week, as it begins a new month. Tuesday brings us the latest Job Openings and Labor Turnover Survey (JOLTS) for the month in arrears, and then Wednesday has private-sector payrolls from Automatic Data Processing ADP ahead of the opening bell for May. Thursday will provide Weekly Jobless Claims — which we've begun to see creep a little higher in the past few weeks — and Friday brings us the big U.S. Employment Report from the Bureau of Labor Statistics (BLS). Expectations on these monthly prints are for job gains to reach low 6-figures for last month: +112K for ADP and +125K on BLS. Should we see notable weakness from these levels, we may begin to hear narratives related to the overall labor market loosening a bit. That's because we're seeing younger Baby Boomers and older GenXers beginning to call it a career — to the tune of nearly 100K per month. We also know major corporations have set about a new tranche of employee layoffs, and we understand how the DOGE program spearheaded by Tesla (TSLA) CEO Elon Musk has sent pink slips to thousands of federal employees since February of this year. Musk himself is now leaving the White House to attend his various enterprises, but the effects of his DOGE program will continue to resound over the coming months. That said, the U.S. labor force has clearly been underestimated, going back several years. Job growth, while no longer as robust as it was in the Great Reopening following the Covid pandemic, has mystified economists in its ability to retain a healthy workforce. For instance, even with a slight uptick in the Unemployment Rate in recent months, it is now expected to remain at a still-historically-low 4.2%. Calendar earnings season is basically over — with the exception of a few companies that routinely fit outside the cluster of quarterly reportage, like Dollar General (DG), CrowdStrike (CRWD) and Broadcom (AVGO) — but Campbell's Co. (CPB) outpaced expectations in its fiscal Q3 quarter released early this morning. The famous American soup company also owns Pepperidge Farm, V8, Snyder's pretzels and other brands. Earnings for the quarter reached 73 cents per share, a +12% beat over the 65 cents expected in the Zacks consensus (though 2 cents per share below the year-ago quarter). Revenues of $2.48 billion surpassed expectations by +1.55%, and has grown from $2.37 billion in the same quarter a year ago. Shares are up modestly in today's pre-market, but are still -18% year to date. Once the opening bell sounds today, we'll look for the final print on S&P Manufacturing PMI and ISM Manufacturing for May. S&P is expected to remain above the key 50-level between expansion and contraction at +52.3, while ISM is projected to slip 20 basis points to +48.5% from the earlier report, just below that 50 threshold. Also, Construction Spending for April will be hitting the tape after the regular trading session begins. Expectations here are to swing to a positive +0.2% from the -0.5% reported for March. We've seen four months of the past year with negative construction spending, but two of those have occurred in the past three months. Recent highs came in October of last year, at +1.6%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Dollar General Corporation (DG) : Free Stock Analysis Report United States Steel Corporation (X) : Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report The Campbell's Company (CPB) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
9 hours ago
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How To Double Your Savings in a Year, According to Humphrey Yang
It's not easy to pad your savings — and it's certainly not easy to double them in just one year. However, financial advisor turned social media influencer Humphrey Yang believes it's possible. In a YouTube video, Yang told his 1.57 million subscribers that if they want to double last year's savings in 2025, they should ignore the standard advice they hear about eliminating small pleasures, which don't generate enough savings to justify the quality-of-life sacrifices they require. For You: Up Next: 'For example, maybe you've skipped some Starbucks runs or you've cut back on subscriptions or you've maybe even created a budget, but it still feels like your savings aren't growing fast enough,' he said. Yang thinks the real prize is hiding not in the little luxuries that make you happy but in the major expenses that can lead to significant gains in your emergency fund, vacation budget or down payment bucket with fairly minor tweaks. Here's his five-step plan to double your savings over the next year. Yang pointed out that if someone spends $5 at Starbucks three times a week, reducing that habit to one visit per week saves only $520 a year — a big lifestyle sacrifice for only modest gains. Yang wants his followers to aim bigger. He cited data from the Bureau of Labor Statistics (BLS) showing that most households have the same major expenses — housing, transportation, food and insurance. Yang wants his followers to scour these high-cost categories 'because the small changes there can actually lead to much more significant results,' he said. Discover More: Yang said he recently secured a monthly discount on a new apartment by agreeing to sign an extended lease — the landlord was willing to pay for the security of long-term tenancy. On top of that, he negotiated two weeks of free rent because 'the rental market in San Francisco right now is really soft.' The season made this easy for Yang 'because not many people want to move and find a new place during the wintertime when the weather is not so great, so if you are looking for a new apartment right now, that's one strategy,' he said. He also recommended swapping amenities, like parking spaces, for rent reductions or simply negotiating down the price just as you would with any big-ticket purchase, like a car. To negotiate rent, Fidelity suggests first doing your research and timing it right, such as when your lease is up for renewal. Insurance and transportation are two other top BLS spending categories. They serve as a one-two punch in sapping your savings — but you can punch back. 'Perhaps you can shop for better car insurance rates or perhaps you bundle your home insurance with car insurance for a discount,' Yang told his followers. 'Oftentimes, if you just call a competing insurance company, you may be able to find a cheaper insurance rate to the tune of $300 to $500 per year, depending on how many cars or items you have. A lot of people are too lazy, or they just don't want to spend the time to compare quotes, but I think in terms of a return on your time in terms of your savings, it's probably one of the best things that you can do.' In fact, according to Consumer Report's 2024 auto insurance survey, 30% of people surveyed switched their car insurance within the past five years to save money, saving a median of $461 annually. If you can't manage to lower your premiums, Yang recommended carpooling or taking public transportation once or twice a week. Next, Yang recommended employing a strategy he calls reverse budgeting. 'That's where you start by setting aside your savings first,' Yang told his followers. 'For example, if your monthly income is $4,500 and you want to save $500 per month, you want to set that aside immediately and then use the remaining $4,000 for expenses like rent, groceries, bills and transportation.' Yang conceded that many people won't have enough to spend if the first dollars from their paychecks go to savings. He said the only way to overcome this deficit is to analyze your spending habits from the previous three months before you start. 'The reason you want to do three months is that oftentimes, expenses will fluctuate month to month, and having a larger set of data to work with will give you as close to a true average of monthly spend that you can get,' Yang told his viewers. Once you're done, you'll see target categories emerge that offer opportunities to comfortably reduce spending and enable the power of reverse budgeting. Yang urged his followers to aim for double the commonly cited 10% that many personal finance experts suggest saving from each paycheck. 'The reason I like 20% is because not only is it five times the personal savings rate in the United States, according to FRED, but it also ensures that you'll set aside enough of your money to grow over time and actually have a cushy retirement,' Yang said. 'Because I'm assuming that even when I say you should save 20% — let's pretend that's the target — even if you don't get there, you might hit 15%, which is still pretty good. It's kind of like that saying shoot for the moon and you'll land amongst the stars.' No matter how much you saved last year, doubling it in 2025 will feel impossible if you take the end goal as your starting point. Yang gave the example of someone who saved $7,500 last year feeling overwhelmed by the prospect of coming up with another $7,500 on top of that — so he recommended parsing that number into 12 manageable slices. To save that amount in a year, you'd need to save an extra $625 every month. 'That number is still a little bit daunting,' Yang said. However, he recommended breaking it down further to $156 per week. 'Breaking down a large savings goal into a smaller chunk works because it makes the goal seem less intimidating,' he explained. Yang's final piece of advice is to keep your savings out of sight and out of reach in what he calls a 'vault' account so it stays out of mind. 'You only get to unlock this in very critical situations or when you reach the end of the year or perhaps when you reach your savings goal,' he said. He recommended securing it with an unfamiliar password and opening a separate account — not a bucket within an existing one — with a different bank than the one that safeguards your funds for casual spending. 'You really want to think of this account like a locked treasure chest,' he said. More From GOBankingRates 6 Big Shakeups Coming to Social Security in 2025 Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on How To Double Your Savings in a Year, According to Humphrey Yang Sign in to access your portfolio
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12 hours ago
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Stock futures, US-China tensions, May jobs report: 3 Things
US stock futures (ES=F, NQ=F, YM=F) dip in Monday's pre-market session after the S&P 500 (^GSPC) closed out its best May trading month since 1990. China has snapped back on President Trump's claims that the nation has violated its trade agreement with the US, now alleging the United States is in violation of its trade truce. The US Bureau of Labor Statistics (BLS) is due to release the May jobs report this Friday, June 6. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. First up, US stocks kicking off the month in the red. The week starts the month, coming after the S&P 500 closed out its best May since 1990. Of course, that coming amid strong tech earnings on Wall Street and an easing in trade tensions. But for investors wondering how June typically performs, it's not so good. Data going back to 2000 show that June is historically the third worst performing month for the S&P 500. Plus, US-China trade tensions are heating up. Over the weekend, China responded to President Trump's claims that China has violated its agreement with the US. China now says the US has violated its trade truce and is vowing to respond in kind. And sticking with trade and tariffs, steel and aluminum stocks are on the move this morning. President Trump says he's doubling levies on the metals. That's right. Investors are also looking ahead to big economic data this week. The May payrolls report is expected to show that 125,000 jobs were added last month. That is well below the 177,000 jobs that were added in the month of April. Markets will be watching closely for any signs that the labor market is worsening due to tariffs and broader uncertainty around trade policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
