At What Age Do Workers Stop Getting Raises?

Most Americans will end up at 55 where they were at 35—not in vigor or short-term memory, sadly, but in earnings.
 
Recently researchers at the Federal Reserve Bank of New York announced some grim news: An impressive study of 200 million Social Security records going back to 1978 revealed that working Americans’ earnings plateau in their 40s.
 
This may seem fine—what would be bad about bringing in that same peak salary every subsequent year?—until one accounts for the eroding effect of inflation.
 
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