Make your big career move early and reap the rewards

Bad news for cash-strapped workers hoping to eventually break into the One Per Cent: How much you make over your lifetime has less to do with grit and more to do with what you earn during your first decade in the labour market, a new report shows.

Make your big career move early and reap the rewards 1424745204566

Make your big career move early and reap the rewards 1424745204566

Economists at the Federal Reserve Bank of New York said in a report that people who end up wealthy see a much steeper curve in their earnings than the rest of us.

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People projected to earn the median amount will see their earnings grow 38 per cent from the time they're 25 to when they turn 55; those in the 95th percentile will see their earnings grow 230 per cent over the same period; and those in the 99th percentile will see their earnings grow 1450 per cent.

http://www.smh.com.au/executive-style/management/make-your-big-career-move-early-and-reap-the-rewards-20150224-13n1vb.html

Make your big career move early and reap the rewards

Make your big career move early and reap the rewards

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