Why aren't we all getting rich from compound interest? - eviltoast

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

  • Thorry84@feddit.nl
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    19 hours ago

    I have not gotten anywhere near 5% interest the last 15 years. Best I did was around 3% and there have even been years with negative interest

    • WR5@lemmy.world
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      17 hours ago

      I have received 5% at least the last few years, but even disregarding the last I’m talking about future spending.