According to a 2015 study by the Federal Reserve Bank of New York, most people
reach peak earnings in their 40s.
Whereas the young lawyer can expect to
reach peak earnings by age 35, and the young physician by age 40, the opening figure shows that the young teacher must wait until age 55 to attain that professional stature.
Not exact matches
Within 10 years, the 30 - year - old physician can expect to
reach the
peak of the
earnings distribution — a plateau, really, since doctors earn their high maximum salaries for a decade or more.
The normalized price - to -
earnings ratio of 40 is used as a cut - off because that is the
peak (or very close to it) valuation that the entire S&P 500 has
reached.
Ultimately, I still believe Saga Furs is a cyclical growth company — in due course, I'd hope to see auction sales double again (and
earnings triple) to
reach / surpass the prior
peak we saw in FY - 2013 (& in FY - 2006 before that).