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by arcticbull
1939 days ago
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> Their wages don't keep pace with the inflation of assets, so they are continually unable to save or invest their way out of poverty. Yes they do. [1] Inflation of assets is ROI because its measured in terms of increased welfare relative to CPI. If CPI doesn't go up that's ROI. If CPI goes up its inflation. It doesn't matter when they enter an asset class, what matters is what happens after they enter an asset class. [1] https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us... |
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