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by canicode
3838 days ago
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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. |
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