Top-earning US men experience an "astonishing surge in earnings" between the ages of 35 and 45.
The top 2% average around $400,000 a year across their working lives, while median earners earn $50,000 annually, per the post.
AdvertisementAdvertisementTop-earning American men experience an "astonishing surge in earnings" between the ages of 35 and 45 while other men see their incomes plateau, according to an analysis by economist Serdar Ozkan published Monday.
The difference in wage growth is starker earlier in life.
From ages 25 to 35, top earners experience a 435% rise in earnings, compared to a 65% increase for median earners.
Persons:
Serdar Ozkan, —, Ozkan, Louis
Organizations:
Service, Federal Reserve Bank of St, Internal Revenue, Institute, National Bureau of Economic Research, Federal Reserve Bank of Atlanta
Locations:
Washington