Hacker News new | ask | show | jobs
by 010a 3408 days ago
This isn't true on the span of a single year due to market volatility.
3 comments

I think sidlls is really pointing out the present/future value of money calcations. It's 100% accurate if you invested in a flat rate, guaranteed interest, investment.
The $5k bump has to be figured over more than one year, unless of course it's an instant raise.
I'm assuming the commenter is referring to interest on savings. Which of course is quite laughable these days.
Why is it so low? I think I read it happened after the 2008 recession, but why so low, and still? seems extra unusual.
Quantitative Easing and the US Fiscal policy. Look it up.
Thanks.