The data provided by the National Center of Education Statistics was separated based on private or public schools. Data around age and race were in proximity. The difference noted here is the level of education which is primarily a Bachelor’s degree for private schools and a Master’s degree for public schools and the primary age bracket which is 30 to 39 for private schools. Insights from other sources provide data for K-12 educators as a unit. This research was unable to find surveys, reports, or any similar data that addressed the number of investable assets held by this demographic. A thorough search through reports, national data centers, and articles was able to provide the data breakdown presented below.
Demographic Profile of K-12 Educators
- The average age of an educator in the US is 43.
- The age distribution of educators in the US:
- Over the years, the number of women educators has been on the rise. According to the National Center of Education Statistics, 76.5% of K-12 educators are female and 23.5% are male.
- The gender gap for this demographic based on annual income is $12,000. Male educators tend to have additional income, outside of their salary.
- Most educators have a Master’s degree: 49.2%. Those with a Bachelor’s degree as their highest level of education follow second with 39.3%.
- The primary race in this demographic is white at 79.3%. The percentage of educators that fall into the other ethnicity categories include:
- Typically, a teacher in the US would earn an annual salary of $60,477. The starting salary for this profession is often below $40,000. As this income is mostly insufficient, 16% of educators have a second job over the summer, while 20% have one throughout the year. Younger teachers are more likely to hold a second job outside of their institution.
- Statistics show that if we consider those that take up a second job within their school, such as coaching, the data will jump to 59%.
- Although they are not paid well, 94% of educators will spend their own money to source supplies, spending nearly $480 annually on their students and classrooms.
Our research team searched through media sources such as The Guardian, industry reports sources such as Business Insider, and national data centers such as the National Center for Education Statistics. The data we found did not address any insights into investable assets. In its stead, we have provided financial data/insights that may be helpful.