Final answer:
Education, training, and early savings are strong predictors of occupation, income, and wealth in later life.
Step-by-step explanation:
In later life, a strong predictor of one's occupation, income, and wealth is education and training. According to research, completing significant additional education and training after graduating from high school can help individuals accumulate considerable financial wealth. Starting to saving money early in life is also a key factor in accumulating personal wealth.
For example, completing a degree in medicine, law, or engineering can confer high status and lead to higher-paying job opportunities. On the other hand, occupations such as waitressing, janitorial work, or being a bus driver are generally associated with lower levels of prestige and income.
Therefore, investing in education and training, along with early savings, are strong predictors of one's occupation, income, and wealth in later life.