How do people afford...

Originally Posted by GMZ

Sorry but I just cant let this fly, not saying not to save but compound interest with the monetary system we have now is an illusion.

Compound interest huh? How about compound inflation? Will that $3M buy what it could at retirement as it did when the person started saving? No way!!

47 yrs ago a dollar went a long way, now not so much. Why? Weve had inflation almost EVERY year since the damn 30's that why.

Theres a huge difference between nominal returns (on paper) and real returns (purchasing power after inflation). Can I get some real deflation please!

Originally Posted by Alexus

Placing that $100 a month in a minimum rate, variable rate savings account will more than enough cover the inflation, with is around 1.5-2% a year. What's your point?

Originally Posted by GMZ

Are you kidding??? I really must start an economics thread. Why dont you look up what CPI is. It has only been close to zero for not even one year. In 07 it was nearing 6%!! And CPI does not include "volatile" (but NECESSARY) things like food and gas!! Dont even get me started on how the govt changes how CPI is calculated.

Im done going OT in this guys thread.

Originally Posted by hellogoodbye

its fine u can keep goingi got my answer starting now this can be your economics thread