this post was submitted on 08 Jul 2024
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Created by TA-MajestyPalm via MiddleClassFinance on Reddit

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[–] sunzu@kbin.run 5 points 4 months ago

You are focusing on the income too much here... after certain point, there is more to it.

While you are right money wise... 106k could be entry level upper class (30 year old) v 450k end of career exec...

It is really a same guy, just different age.

People under estimate how much age impacts your income and assets, it makes sense tho.

Old geezer with life time of work will be wealthier inherently against everyone who aint a nepo baby.