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But we saved everything 🙂.
Kevin Bryan analyzes two hypothetical groups, A and B, to compare earnings and savings patterns over a lifetime. In group A, individuals aged 20-35 earn $30,000 annually, those aged 35-50 earn $50,000, and those aged 50-65 earn $100,000, with an average age of 40. In group B, everyone earns $55,000 annually with an average age of 50. Both groups save 10% of income each year with zero interest.
Bryan finds that lifetime consumption is higher in group A at $2.7 million compared to $2.475 million in group B, even though group B has a higher median income ($55,000 vs. $50,000) and median wealth ($165,000 vs. $70,000).
Bryan has previously examined large disparities in individual fortunes, arguing that extreme wealth gaps relative to celebrities and CEOs may pose political risks in a past analysis. In an earlier note, he also discussed the Hewlett Foundation’s decision to shift funding from arts and the environment to major economic nonprofits, including a $4 million commitment detailed in a separate report. Both topics reflect his ongoing focus on income, wealth, and their broader implications.