Social Question

Wander's avatar

At what age do you think you reach your maximum earning potential?

Asked by Wander (44points) August 21st, 2009

My mother in law made a comment to my husband last night that everyone reaches their maximum earning potential by age 50. Thoughts?

Observing members: 0 Composing members: 0

11 Answers

Jack79's avatar

mine was at 28, but I was a singer.

jrpowell's avatar

This might help.

dpworkin's avatar

Since I will not have my first advanced degree until I am 62, I expect my peak earning years to follow.

Judi's avatar

My father inlaw kept making more and more the older he got and his estate continues to snowball. I guess it really depends on if you work for your money or if you make your money work for you.

Quagmire's avatar

I think only if you stop working AFTER 50. Even if you sweep floors, you’d get a cost of living increase year after year.

unit's avatar

It must be different to each individual, depending what industry you are in.
ie at 23 World Athletics champ Mr Bolt is now at his max earning capacity, doubt he will get an income from athletics in 10 years time

wundayatta's avatar

I believe that, on average, it is mid-forties to mid-fifties. Those are the years when people have a lot of experience and have risen to the tops of their companies, and are still hungry (or may have high expenses for taking care of their children). They have not yet started slowing down due to health problems, tiredness, or impending retirement.

YARNLADY's avatar

In some fields there is no maximum. FIL sold Real Estate past age 70 and made six figures a year when he finally retired.

galileogirl's avatar

Every year I work I will make more income. My union contract rewards longevity and the more education I get. the more I will be paid. Since I plan to retire this year it looks like my highest earning tear will be 63.

alive's avatar

I am pretty positive that your education, and what type of work one does correlates more with earnings than your age.

but if you are not making the big bucks by 50 it probably becomes less and less likely that you will later.

edbelsey's avatar

I recon that seems fair… many be not everyone, im sure there are some cases where 55 year olds have set up a million pound business and increase their earnings

Answer this question

Login

or

Join

to answer.
Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther