A Boring Dystopia

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Why aren't we all getting rich from compound interest? (youtu.be)

submitted 2 days ago by lobut@lemmy.ca to c/aboringdystopia@lemmy.world

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Just let your wealth compound over time and you'll be a millionaire, the advice goes. If this is true why aren't more people rich?UNDERSTAND, SHARE & PUSH BACK

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[–] technocrit@lemmy.dbzer0.com 1 points 1 day ago* (last edited 1 day ago)

This doesn't need to be a three paragraph comment. The point is that petrol-dollars are constantly devaluing much fast than any bank will give you interest. This is why people gamble on the stock market and imagine it reflects some kind of "economy", because "saving" doesn't exist.