But this team analyzed longitudinal government research for 8,000 plus people and they found that to get a good job, the pathways that could make the biggest difference for people in their 20s involved college. And for context, so this is coming as many Americans are skeptical of the value of a four-year college degree. Lindsay Ellis: It's a really good question. Whalen: And so what was the main takeaway regarding steps to take to get a good job by age 30? And so this team of researchers has really dug into these different pathways to get a good job by age 30 so that people know how to navigate some of these choices to set themselves up for the subsequent decades. These researchers have found that 30 is a important benchmark year, that if you can get a good job by 30 or by your early 30s, you have a better chance of being in a better financial position later in life. And so it goes beyond just the minimum salary to encompass in many cases other benefits as well. The good jobs also were important because there was correlation between having a good job and having a job that your employer would offer health insurance or a 401(k) and contributions there. And the median of the good jobs that this team analyzed had a salary of about $57,000. It differed from metro area to metro area and from rural to urban areas. Lindsay Ellis: So a good job was defined through wages, so it was the minimum amount that was required for economic self-sufficiency.
So Lindsay, how was a good job defined in this research and why is getting a good job by age 30 so important? Having a good job by age 30 can be an important milestone in your career, but what decisions can you make in your 20s that'll help you secure that good job or reduce your chances of getting one? WSJ workplace reporter Lindsay Ellis wrote about some recent analysis out of Georgetown University looking at the path that people in their 20s take to landing a good job by 30.
Whalen: Coming up, WSJ workplace reporter Lindsay Ellis will be here to talk about the big decisions to make in your 20s that'll help you land a good job by age 30. Lindsay Ellis: 30 is a important benchmark year that if you can get a good job by 30 or by your early 30s, you have a better chance of being in a better financial position later in life. But to get there, new research indicates a crucial moment occurs around age 30. When you're in your 20s mapping out your future, you probably picture a successful decades-long career that lasts, well, into your 60s. Whalen: Here's Your Money Briefing for Wednesday, May 10th. This version may not be in its final form and may be updated. This transcript was prepared by a transcription service.
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