oof, he's so wrong though. The interest rates, & therefore the compound-interest returns, we saw over the last 40 years are long gone in the US. The GFC changed everything -- yields are 1/100 of what they were over the past 40 years. So 40 years of saving from now to 2060 will actually devalue your money (the ~$1,000 of interest from a savings account will be easily outpaced by inflation) 🤦🏻‍♂️ 🙃

https://medium.com/share-the-wealth/40-years-of-inflation-explained-through-ferraris-af0333affd1

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Top Writer in Gov, Politics, Economics. Love nature, technology, and standup! Bachelor’s in Communication Studies & Mechanical Engineering @ Cal Poly SLO.

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