3 ms·
The above math indicates that one generation with this 5% income boost gains enough wealth to move them up the wealth ladder. If this appreciation goes on for
by lumost 5y ago
The above math indicates that one generation with this 5% income boost gains enough wealth to move them up the wealth ladder. If this appreciation goes on for 6 Centuries then it amounts to wealth that makes working entirely optional.
It also suggests that looking at wages is a misleading statistic, as wages do not typically make up the majority of money that a wealthy individual would gain in a given year.