Final answer:
Lower-level managers usually make less than $10 million over their lifetimes which is considered true; however, they do have higher incomes compared to the average worker, especially when they have higher education levels.
Step-by-step explanation:
The statement that lower-level managers typically make less than $10 million in their lifetime is likely true. While many U.S. citizens can accumulate wealth, income levels vary widely based on education and position within the workforce. Individuals with more education, such as those with a four-year bachelor's degree, tend to earn significantly more than those with a high school diploma. In addition, the gap between the rich and the poor has grown over time, with high-level executives earning multiples more than entry-level employees.
However, lower-level managers still earn fairly good incomes compared with most workers. They occupy positions that have more prestige and higher paychecks than lower-class work, and they can afford a mainstream lifestyle, even though they might not build significant savings or have a secure grip on their class status.
Looking at the earnings reported by the Bureau of Labor Statistics and the U.S. Census Bureau, it's evident that a person's lifetime earnings are greatly influenced by their level of education and the class status of their occupation. Nevertheless, reaching or surpassing the $10 million mark would be an exception rather than the norm for lower-level managers.