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    Report finds first 10 years of working determines lifetime earnings

    Growth in lifetime earnings are determined in the first ten years of a worker’s life, said a new report from the Federal Reserve Bank of New York released in early February. The report focused on the growth in average income earned over a lifetime for workers in the U.S. with a median worker earning a growth of 38 percent in their lifetime. The authors of the report noted there is no other age starting point where there is such a large growth in earnings. In fact, “average earnings growth from ages 35 to 55 is zero.” Rebecca Chan, a junior, did not believe the study as she felt there was…