A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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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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[–] Malfeasant@lemm.ee 1 points 13 hours ago (1 children)

Imagine your dollar would be worth more tomorrow if you didn't spend it today.

That's basically what happens with technology. Plenty of people still buy the latest TV even when there will be a better and cheaper one in a year or two.

[–] partial_accumen@lemmy.world 1 points 12 hours ago

Technology is a known depreciating asset so that's a bad example. Try housing, or trying to get a loan for anything.