Topic: you get Richer as the Older You’ll Get - page 2. (Read 3452 times)
legendary
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Well I guess we should have added the condition that you get richer the older you get if your income beats the rate of inflation and the devaluation of your dollar.
The OP must be thinking it's 1970 or something. That old American economy is gone. In fact purchasing power is dropping every year and many people are retiring into poverty after a lifetime of middle class work.
And not to mention the large number of people who are laid off and are unable to find alternative employment. The older you get, the chances of re-employment gradually vanishes.
The OP must be thinking it's 1970 or something. That old American economy is gone. In fact purchasing power is dropping every year and many people are retiring into poverty after a lifetime of middle class work.
ya thats kind of true but do yo remember why we got into debt in the first place? Many people get rich only if they can not buy the fancy cars, name brand anything and try to save buying your items at a thrift show. I see many people were rich when the got older because of spending habits alone.
The OP must be thinking it's 1970 or something. That old American economy is gone. In fact purchasing power is dropping every year and many people are retiring into poverty after a lifetime of middle class work.
ya thats kind of true but do yo remember why we got into debt in the first place? Many people get rich only if they can not buy the fancy cars, name brand anything and try to save buying your items at a thrift show. I see many people were rich when the got older because of spending habits alone.
It depends on how much you save during the working years, and what you doing the savings. If you spend all you earned, your debt is likely to pile up the older you get. If you save and leave the money in a savings account, the savings will be eaten away by inflation, purchasing power of the savings will drop. Only those who save and invest successfuly will get richer the older he gets, which may be a minority in the population.
The OP must be thinking it's 1970 or something. That old American economy is gone. In fact purchasing power is dropping every year and many people are retiring into poverty after a lifetime of middle class work.
Yeh most people get more $ per hour, so that automaticly makes you more richer the older you get.
But would that be fair is the question because you will proberly do less work and will also the easier work proberly.
And the young people do all the hard work but get payed the least.
But would that be fair is the question because you will proberly do less work and will also the easier work proberly.
And the young people do all the hard work but get payed the least.
The older you get the more of income you should have am I right?
Not always true. Slower and dumper as one get older. Productivity goes down and less income.
30 years old with a large balance often means it's their parent's money
Not always, but quite often it is so. But there are exceptions, such as Mark Zuckerberg who became a billionaire when he was still in his twenties. Also, in Western countries, inheritance reaches the heirs only when they get in to the 50s or 60s, as a result of the growing life expectancy.
If you are saving you have accumulated more when you are old than when you are young and you enjoy the compounded interests of your savings
I have seen bankrupt pensioners, who don't have a penny in their savings bank accounts. I have also seen young people (in their 30s) with massive bank balances.. so this is not always the case.
Well that is true but one has to wonder what the story is
Chances are those 30 year old massive bank balances could have lost it all just because of the thing called time by the time they reach their senior years
You know gamble it all one night in Vegas lol
I was talking in average obv!
30 years old with a large balance often means it's their parent's money
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
If you are saving you have accumulated more when you are old than when you are young and you enjoy the compounded interests of your savings
I have seen bankrupt pensioners, who don't have a penny in their savings bank accounts. I have also seen young people (in their 30s) with massive bank balances.. so this is not always the case.
Well that is true but one has to wonder what the story is
Chances are those 30 year old massive bank balances could have lost it all just because of the thing called time by the time they reach their senior years
You know gamble it all one night in Vegas lol
If you are saving you have accumulated more when you are old than when you are young and you enjoy the compounded interests of your savings
I have seen bankrupt pensioners, who don't have a penny in their savings bank accounts. I have also seen young people (in their 30s) with massive bank balances.. so this is not always the case.
If you are saving you have accumulated more when you are old than when you are young and you enjoy the compounded interests of your savings
Quote
The older you get the more of income you should have am I right?
No, the income stream does not depend on age, it depends on the transactions and the amount. Companies will not pay you to take them over financially
well, the title is not totally wrong especially for middle class people, people mid and high middle class, that works as managing staff in companies, lawyers, doctors ....ect ect, tends to get higher salaries with experience that comes with age of course (it's not necessary always true but in general it is) and usually during the middle of the carrier, they get to buy house(s), flat(s) and stuff on a loan that they pay over the years, by the end of their career they usually have more than decent salaries, no loan to pay, living a decent life in a decent house and stuff, and they can afford more stuff by then, hence you seen people at their 60s just getting their Porsches or Ferraries, while when they were in the middle on their carriers they had your average sedan, is being in the high middle class can be considered as rich, well it's all about perspective really, but for the average joe it can be considered as rich
Totally agree, but can't accept that young ones are smarter, than old ones, cause there are a lot of things in this world to learn about.
You can say that the younger ones adapt to the new technology more quickly when compared to the middle-aged and elderly. And in today's job market, that matters a lot.
The younger have a faster mind, better reflexes and coordination but the old have better experience
Totally agree, but can't accept that young ones are smarter, than old ones, cause there are a lot of things in this world to learn about.
You can say that the younger ones adapt to the new technology more quickly when compared to the middle-aged and elderly. And in today's job market, that matters a lot.
It should be easier to get rich when you are young and poor because you are smarter, healthier, stronger, you are ready to work harder for less money and you are more likely to innovate but rules, laws and the state protect those you have at the detriment of those you haven't so the rich get richer and the poor have a harder time to become rich than they would have in a free society
Totally agree, but can't accept that young ones are smarter, than old ones, cause there are a lot of things in this world to learn about.
It totally depends how smart you work.
Women outlive men due to socialized medicine, not their gender.
http://www.news.com.au/lifestyle/health/men-die-earlier-but-womens-health-gets-four-times-more-funding/story-fneuzlbd-1226794504245
Of course there are older studies which indicated that, back in the 1990s, women received about 9 times more. The trend has been more money has been diverted to male health and men are starting to embrace healthier food choices but there's still a bias in socialized medicine, albeit this is trivial since socialized medicine is going to the shitters in most countries
http://www.news.com.au/lifestyle/health/men-die-earlier-but-womens-health-gets-four-times-more-funding/story-fneuzlbd-1226794504245
Of course there are older studies which indicated that, back in the 1990s, women received about 9 times more. The trend has been more money has been diverted to male health and men are starting to embrace healthier food choices but there's still a bias in socialized medicine, albeit this is trivial since socialized medicine is going to the shitters in most countries
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