A Boring Dystopia

10978 readers

1859 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 2 years ago

MODERATORS

givesomefucks@lemmy.world

108

Why aren't we all getting rich from compound interest? (youtu.be)

submitted 20 hours ago by lobut@lemmy.ca to c/aboringdystopia@lemmy.world

35 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] jacksilver@lemmy.world 30 points 13 hours ago

This doesn't need to be a 20 minute video.

While money in a bank does technically grow exponentially, the real value (what you can buy with that money) of the account grows slower than the economy.

Meaning each year you can actually buy less with the money you keep in a bank account. This is why retirement accounts are typically tied to the stock market, to try to tie their growth more to the economy.