Hello people.
I do find it disturbing that people think they can live off 5% return on their money, Inflation is gonna make you broke.
This is only boosted further and faster by FED printing money for stimuli packages.
I wouldn't thrust official inflation charts either, better look at gas, grocery's++ prices and calculate for yourself.
There was a time where gasoline cost 30 cents pr gallon. Not hating or anything, just informing. However this might not make you broke over night it will make you broke long term, especially if your bank acc holds only 1-5 mill.
What is other peoples opinion on this, i feel some people might not agree and I welcome a healthy discussion.
Cheers
I do find it disturbing that people think they can live off 5% return on their money, Inflation is gonna make you broke.
This is only boosted further and faster by FED printing money for stimuli packages.
I wouldn't thrust official inflation charts either, better look at gas, grocery's++ prices and calculate for yourself.
There was a time where gasoline cost 30 cents pr gallon. Not hating or anything, just informing. However this might not make you broke over night it will make you broke long term, especially if your bank acc holds only 1-5 mill.
What is other peoples opinion on this, i feel some people might not agree and I welcome a healthy discussion.
Cheers
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