Soo… how’s the old earning power?
I perused a couple of websites to validate the average annual salaries by age, then applied a deflator to adjust the results by age. This is because a person like me who should nominally earn $50K in 2018 would never ever had made $22K 35 years ago, like the chart implies.
So in the table below, the far left column indicates a person’s age in 2018. The second column indicates that person’s earnings in 2018. But to make the chart a bit more relevant, I crudely applied a deflator so that you can see how this ought to track in your own life. Find your own age from the age groups across the top, in columns 3-9, and then the salaries below that will apply across your own age timeline, as taken from the age in the far left column.
I realize that this table is not comfortable in this format. Too bad — that’s WordPress.
Enjoy! Oh, and these are men’s salaries, which are different from women’s.
| Age Group | Average Salary in 2017-2018 | Age adj for age: 65+ | Age adj for age: 55-64 | Age adj for age: 45-54 | Age adj for age: 35-44 | Age adj for age: 25-34 | Age adj for age: 20-24 | Age adj for age: 16-19 |
|---|---|---|---|---|---|---|---|---|
| 16-19 | $21,840.00 | $3,339.58 | $3,742.08 | $4,625.60 | $5,672.58 | $8,535.41 | $16,624.41 | $21,840.00 |
| 20-24 | $27,456.00 | $5,515.48 | $6,180.21 | $7,639.39 | $9,368.54 | $14,096.64 | $27,456.00 | $36,069.78 |
| 25-34 | $39,416.00 | $15,421.99 | $17,280.67 | $21,360.71 | $26,195.64 | $39,416.00 | $76,770.50 | $100,855.74 |
| 35-44 | $49,400.00 | $29,082.95 | $32,588.06 | $40,282.24 | $49,400.00 | $74,331.10 | $144,774.59 | $190,194.79 |
| 45-54 | $50,024.00 | $36,116.30 | $40,469.08 | $50,024.00 | $61,346.77 | $92,307.15 | $179,786.52 | $236,191.03 |
| 55-64 | $49,608.00 | $44,272.25 | $49,608.00 | $61,320.66 | $75,200.39 | $113,152.38 | $220,386.75 | $289,528.80 |
| 65+ | $46,176.00 | $46,176.00 | $51,741.19 | $63,957.50 | $78,434.08 | $118,018.05 | $229,863.60 | $301,978.82 |