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Does ageing has effect on making money.
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[QUOTE="King bell, post: 275047, member: 75687"] Yes, age does have a significant effect on making money. A person's earning capacity starts to fall around the age of 35, according to research by the Center for Retirement Research at Boston College. That's when a worker can expect their lifetime earnings peak, and it continues to rise until retirement age. After that, it plunges in what's known as an "earnings cliff." People over 65 earn less than those aged 50-54 who're likely just starting or in the middle of their careers. Older people also take home lower wages compared with those aged 25-34, with no sign of them catching up again because they'll have fewer years left in work before retiring. The older one gets, the steeper the fall. At 70, earnings fall by 43% when compared to 55-59 year olds. By 80, earnings have plunged 65%. In 2016, people over 64 made up 13.3% of all working adults aged 25 and above in South Korea. Of that 13.3% In 2015, 27% of Japanese workers were between 55 and 64 years old. In France, 15.21% of all workers were between 55 and 64 years old in 2016. In Germany that figure was 14.64%. [/QUOTE]
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