What is the average salary by age in the United States? How much do people your age typically make? Are you above, below, or at the average percentile? According to the study conducted by CreditRepair.com, age does have a correlation to earning potential. The average salary by age is highest for people ages 35-44, followed by ages 45-54.
However, age is not the only factor that determines salary. The data below suggests that race is the largest factor in determining how much money you make, followed by gender. In 3 out of 5 age groups, Asians outperform all other races. Conversely, men outperform women in every age group.
This suggests age definitely plays a role but it is often influenced by other factors.
That being said, let’s take a further look at how age, race, & gender play a role in determining salary potential
Source: [BusinessInsider]
