this post was submitted on 26 Oct 2024
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Microblog Memes

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The habits of successful people (lemmy.world)
submitted 3 days ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 2 points 2 days ago (1 children)

Right but inflation will eat at that. If they have a million in 40 years it won't be worth a million of today's dollars.

[โ€“] [email protected] 1 points 2 days ago

It takes inflation into account. 7% is the average long-term stock market return after adjusting for inflation. Without inflation the rate would be closer to 10%