Are most high income people in a greater age bracket?

[jennifer_bloom]

I was watching tv interviews after assailants shot at a luxury vehicle driver on a road of mansions, one of the richest neighbourhoods in the city. All the people interviewed were older women that looked at least 70 years old. I research rich people online and it seems money snowballs because once you break the investment or executive barrier, earning and saving gets easier and easier.

[jamesgoldman]

Generally because most wealth is generated via compound interest from investment and property value growth
You have the successful businesspeople and media personalities but they are a pretty small percentage of the population

Richest people I know are older, my late antique dealer was worth £70M and passed aged 89

[exitseven]

Yes, it takes a long time to save money when you are younger unless you have rich parents. When you get older you have money that has been growing and the power of compound interest starts to make more and more money. The thing that sucks is once you start to make real money you are too old and broken to enjoy it.

[exitseven]

Thanks for the MHO😎

[morganherrel]

There is merit to this 100%