The age does give an advantage, but lack of savings is a universally problematic thing for all ages. You do need a safety net if you want to switch to entrepreneurship, or otherwise you have to be exceptionally lucky to get the salary you need and the equity you think you deserve.
Very fair point. I guess the only counter to that is: by 50+ you’ve had a lot of time to try resolve that, if you truly wanted to start something and realized it would be a limit I’m sure that’s enough time to give it a serious shot. Also, if you’re 50+ and have no savings, do you need a serious plan for the next 30 years because you physically cannot work forever.
My personal experience coming from a low income family, i managed to pull off 16k i savings by 21. Individual experience is obviously a low sample size, but I know it’s a possibility.
