I like your formula, but I have one problem...it doesn't take into account how long you've been making that income.I imagine that everyone's income fluctuates over time. Sometimes up, sometimes down. It seems to make sense that those changes are imbedded in the median income/ wealth statistics. No special adjustment needs to be made for the variation in an individual's income.I was satisfied that the formula produced results that were similar to the median income and wealth by age. Thus I assume that the formula doesn't really need another layer of calculations to account for how long an individual is making a certain income. (It's in there already, kinda.) The formula should be used more as a relative measure, not an absolute one. So there will undoubtedly be times were the formula is more relevant than others. But each individual will have to make that judgement.LF
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