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Suppose I join the workforce at 26, and earn an average of 65k per year while in the <30 cohort, while my friend joins at 19 and earns an average of 55k per yea
by jozvolskyef 5y ago
Suppose I join the workforce at 26, and earn an average of 65k per year while in the <30 cohort, while my friend joins at 19 and earns an average of 55k per year, in this statistic I'll seem better off even though my friend earned 345k more.
- antisthenes 5y agoHow are you not better off? You obviously had the means to sustain yourself for 7 years somehow without working. They had to spend 14,000+ hours in order to earn those wages. Also depends on what their expenses are and if they are saving anything.
- jozvolskyef 5y agoIf we are to consider the definition of "better off" in strictly financial terms, the answer is clear. However, if we take into account a definition of "better off" that includes factors such as life satisfaction, I don't have the data to answer.