Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Wage growth, not investments, drove most income gains in a 26-year Norwegian study.

flag A 26-year study of nearly 300,000 Norwegians found that wage increases were the main driver of upward income mobility, with 95% of those who advanced doing so through salary growth, either alone or with investments. flag Only 5% rose through investments alone. flag Average wage gains for those who advanced were $31,000, compared to just $308 in investment income. flag During financial declines, capital losses played a larger role than wage cuts in downward mobility. flag The findings suggest steady wage growth is more impactful than investment returns for most people’s long-term financial progress.

4 Articles

Further Reading