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by canicode 3838 days ago
Mid and lower class people can definitely get rich by saving. Of course their savings don't add up to millions, but you're completely disregarding the returns of a decent mutual fund. At 4-7% real returns, the amount they have after a 20-40 year period is wildly different from the raw amount they've put in/saved, due to the power of compound interest. So although they haven't SAVED millions, they HAVE millions.