It appears from this chart provided by Visual Capitalist that age and education are big determinants of who has money left over and by extension possible wealth (Visual Capitalist has some good graphics). Thus, I encourage people to obtain an education and/or trade certificate. I have two kids of which one is college bound and one is not. I say you can do either but you don't want to be in general labor constantly competing against new technologies. The pay and opportunities will typically stay low unless you do something remarkable.
The question we still have to work on as a nation is how do we raise income for the middle class? That comes from raising our nation to the center of the global supply chain so that companies and workers can both earn. Part of that solution is encouraging small business and side/moonlighting mico businesses to keep innovation and wealth flowing. Remember we have a rich getting richer and the average person getting poorer problem.
That also means we need to make decisions that encourage broad based capitalism so new leaders often bring with them new ideas and that gets the juices flowing with leaders and lawmakers. There is a natural cycle in societal development. New business, focus on national development, circulation of wealth, and a young generation bringing forward new ideas can help improving general wealth accumulation.
My advice...stay in college, use you skills to advance yourself and society, be innovative, engage in entrepreneurial activities, and build a better world with your ideas.
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| Source: Visual Capitalist |
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