What are the two key choices U.S. citizens need to make that determines their relative wealth?

The term "relative wealth" refers to a person's financial position in relation to other people in society.

To enhance their relative wealth, Americans must choose between two options. There are numerous options available.

Schooling: Most Americans complete their basic education and begin working, which results in a lower salary than if they pursue more education and training over the course of two years.$50\%$

Savings: They should begin saving at a young age, such as at the age of $25$v if they only save $\$3000$ once and never touch it. After 40 years, that sum has grown to $\$44,923.$ Saving $\$3000$ only once can result in a profit of$\$45,000.$ If they save more money, they will get wealthier.

As a result, relative wealth can be grown strategically.