Question

Which factors positively affect lifetime income? Check all that apply.
post-secondary education
employee benefits
salary
vocational training throughout career
high cost of living
early retirement

Answer 1

- [x] post-secondary education — increases skills/credentials and typically leads to higher wages over a lifetime.
- [x] employee benefits — count toward total compensation (retirement contributions, health insurance, etc.), raising lifetime economic value.
- [x] salary — higher pay directly increases lifetime earnings.
- [x] vocational training throughout career — ongoing upskilling raises productivity and marketable skills, leading to higher pay.
- [ ] high cost of living — no; it may raise nominal wages in some areas but generally erodes purchasing power and does not increase real lifetime income.
- [ ] early retirement — no; ending work sooner usually reduces total years of earnings (unless offset by exceptionally high savings/returns or pension).