Women can't get ahead of the game when it comes to wages

WOMEN continue to lag behind men when it comes to lifetime earnings, while those Australians with a post-graduate degree will earn twice as much as those who only completed Year 11, a report revealed on Tuesday.

The AMP-National Centre for Social and Economic Modelling income and wealth report showed those Australians with a post-graduate degree would earn an average $3.2 million over their working lives, while those Aussies who only completed Year 11 would earn $1.7 million.

The report also revealed the continued inequity of incomes between men and women, with a 25-year-old woman with a post-graduate degree earning just two-thirds of a man's lifetime earnings with the same qualification - or $2.5 million compared to $3.2 million.

AMP financial services director Craig Meller said it was "never clearer" that getting an education paid off later in life.

"The report shows a person with a bachelor degree will also receive a high return on education, earning almost 1.7 times someone with Year 11 or below," he said.

It also showed while education standards were rising, only 15% of all university graduates came from struggling homes, short of the Federal Government's target of at least 20%.

 

LIFETIME employee income - at 25 years old, average:

Year 11 or below: $1.74m

Year 12: $2.07m

Certificate: $2.09m

All: $2.30m

Diploma: $2.36m

Bachelor: $2.90m

Post-graduate: $3.17m

WOMEN

Year 11 or below: $1.26m

Year 12: $1.52m

Certificate: $1.34m

Diploma: $1.70m

Bachelor: $2.14m

Post-graduate: $2.49m

MEN

Year 11 or below: $2.13m

Year 12: $2.55m

Certificate: $2.49m

Diploma: $3.08m

Bachelor: $3.66m

Post-graduate: $3.78m

SOURCE: AMP National Centre for Social and Economic Modelling income and wealth report, 2012.



Two people injured after Southern Downs crash

Two people injured after Southern Downs crash

Emergency services called to the New England Highway outside Warwick

Wedding crasher: Warwick buggy mishap turns into viral hit

Wedding crasher: Warwick buggy mishap turns into viral hit

A cheeky groomsman makes wedding day even more memorable

Warwick's Ross Fraser at pinnacle of trucking in Australia

Warwick's Ross Fraser at pinnacle of trucking in Australia

The Frasers director took out the industry's most prestigious award

Local Partners