Considering lifetime income can be quite complex, especially when figuring out how to calculate it. Is it simply the sum of all the salaries earned over the years? Should we also include retirement benefits? I’ve seen some opinions suggesting that insurance benefits should be part of the equation too.
Another perspective is to factor in the cost of education. Some people propose dividing the total expenses of college or vocational training by the years worked, which might give a clearer understanding of lifetime income. It feels like trying to solve a puzzle that keeps changing shape.
What are your thoughts? Which definition of lifetime income resonates most with you? How do you view your own lifetime income?