3 ms·
Life expectancy (at age 40) and income is very well correlated, though starts to plateau around $150K/year [1]. We know that most of Americans' wealth today co
by medvezhenok 5y ago
Life expectancy (at age 40) and income is very well correlated, though starts to plateau around $150K/year [1].
We know that most of Americans' wealth today comes from the value of their home rather than retirement savings (and/or pensions before that). Look at this chart of housing prices (inflation adjusted) and see if you can tell a difference between when the boomers entered the housing market and today[2].
[1] http://www.equality-of-opportunity.org/health/ http://www.equality-of-opportunity.org/health/
[2] https://inflationdata.com/articles/wp-content/uploads/2021/10/Inflation-Adjusted-Housing-Index-10-21.png?ezimgfmt=ng:webp/ngcb1 https://inflationdata.com/articles/wp-content/uploads/2021/1...