this post was submitted on 26 Sep 2023
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Work Reform

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[–] [email protected] 0 points 1 year ago (1 children)

You forget the impact of compound interest. If you invested 1 dollar at 1% interest, you would have a billion dollars in just over 2000 years. So these comparisons based on income are not useful.

[–] [email protected] 4 points 1 year ago (1 children)

If you invested money at 1% interest, you would lose money due to inflation.

[–] [email protected] 0 points 1 year ago

Real interest, after inflation.