you get Richer as the Older You’ll Get

[Rassah]

Both my parents have advanced degrees in microbiology, and both have spent decades working in that field. When they reached the pay ceiling for those positions, both of them, despite being in mid-40s, researched what positions are in high demand, took computer and programming classes in the evenings, and switched to software development with different concentrations (mom for database design, dad for human resource management systems). Both are now making more than twice what they used to.
If it took them any more effort than it did to learn their initial degrees and skill, they didn't show it.

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[bryant.coleman]

Don't forget medical cost will get higher as you get older.
Your income alone may not cover these fee.

Where I live, people over 60 years of age pay 10x medical premiums when compared to those in the 30s and 40s. That is, if they are able to find an insurer willing to enroll them.

 

[Trading]

This thread leads the reader to conclude that there are no poor old people.

Like if to get rich anyone could just sit and wait for time to pass.

[boumalo]

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. 

Some parents die younger or give a portion of their capital to their children when they are 25-45 so they start well in life

[bryant.coleman]

Some parents die younger or give a portion of their capital to their children when they are 25-45 so they start well in life

Only some. Most of the parents wait until their children start their own family, and get more mature on dealing with money. On my part, I know a few students in their early 20s, who struggled to finance their education despite being born to filthy rich parents. 

[boumalo]

Some parents die younger or give a portion of their capital to their children when they are 25-45 so they start well in life

Only some. Most of the parents wait until their children start their own family, and get more mature on dealing with money. On my part, I know a few students in their early 20s, who struggled to finance their education despite being born to filthy rich parents. 

When do you start a family? 25-40

When I say something you can always say "not always" because I saying something is true in average; in my last post I was saying that "sometimes parents give a portion of their capital..."

[bryant.coleman]

When do you start a family? 25-40

In most of the Western nations, those who are reasonably well-off normally get married at the age of 35-40. I am talking about both the males and females here. The people are getting more career-centric.

[boumalo]

When do you start a family? 25-40

In most of the Western nations, those who are reasonably well-off normally get married at the age of 35-40. I am talking about both the males and females here. The people are getting more career-centric.

Canada, France 30years old; Germany 31; USA 28years old is the average age at first marriage according to Wikipedia

It would be interested to get our hands on a study that showed the average age compared to the revenue, capital or studies; I would think the age is a tiny bit more for wealthier and more educated people

[bryant.coleman]

Canada, France 30years old; Germany 31; USA 28years old is the average age at first marriage according to Wikipedia

Yes... but in general, those living in the rural areas, and those employed in various blue-collar jobs usually get married by 25-28 years of age, while those urban elite usually marries much later.

[boumalo]

Canada, France 30years old; Germany 31; USA 28years old is the average age at first marriage according to Wikipedia

Yes... but in general, those living in the rural areas, and those employed in various blue-collar jobs usually get married by 25-28 years of age, while those urban elite usually marries much later.

80% of the population is urban in western countries

we mostly agree, stop arguing

[Cryptopher]

Generally speaking yes. The experience you gain over the years, particularly when you have qualifications and accolades, you will earn a lot more. Senior roles pay a noticeable better wage, depending on the job you are in, of course.

[boumalo]

Generally speaking yes. The experience you gain over the years, particularly when you have qualifications and accolades, you will earn a lot more. Senior roles pay a noticeable better wage, depending on the job you are in, of course.

For low skilled jobs you only get a small seniority raise as you get older

You need to change jobs when you reach your maximum potential on a job if you want to make more or you can enjoy your free time to spend time with your family and friends

[bryant.coleman]

80% of the population is urban in western countries

we mostly agree, stop arguing

I said the urban elite, i.e those who work in white-collar professions. Those who work in blue-collar professions usually get married much earlier. But the first group which I mentioned wait until they are 35 or 40.

[boumalo]

80% of the population is urban in western countries

we mostly agree, stop arguing

I said the urban elite, i.e those who work in white-collar professions. Those who work in blue-collar professions usually get married much earlier. But the first group which I mentioned wait until they are 35 or 40.

Either 35 or 40? Find me the exact average age and we will start talking instead of saying pseudo-truth based on your perception of the world