First things first: if you want job security and a big salary, you’re probably going to be in school for a long …
Part of the American Dream is moving upwards, doing better than your father did, but a recent report on Money.CNN.com, suggests that the average job salaries of American men are heading downwards, and that they are actually earning less than dear old dad. The report cites an 18-month ongoing study by the American Enterprise Institute, Pew Charitable Trusts, Brookings Institute, Urban Institute, and Heritage Foundation which analyzed the average job salaries of men in their 30s, a reportedly reliable indicator of one's lifetime income.
The study used figures from the Census Bureau that were adjusted for inflation to conclude that in 2004, 30-something men earned a median income of about $35K per year, a 12 percent drop compared to men in their 30s in 1974, who had a median income of $40K. The study claims this is a change from 1994, when men in their 30s were earning 5 percent more than their fathers did back in 1964 (adjusted for inflation).
What's the solution? Don't be average :-) As reported on Money.CNN.com, there are some professional careers in demand for the future that may bring you up to dad's average job salary or higher, so keep reading!
How does your salary compare to your dad's typical salary? Find out with our salary survey.