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

--

--

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

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adrian Eaton

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