A Boring Dystopia

10843 readers

2813 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 2 years ago

MODERATORS

[email protected]

108

Why aren't we all getting rich from compound interest? (youtu.be)

submitted 19 hours ago by lobut to c/[email protected]

35 comments fedilink hide all child comments

Just let your wealth compound over time and you'll be a millionaire, the advice goes. If this is true why aren't more people rich?UNDERSTAND, SHARE & PUSH BACK

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 3 hours ago

He's talking about his grandparents ending up at 0 or below as well. Whatever we manage to save before retirement isn't adequate to pay for elder care (unless you're lucky enough to drop dead randomly), and most of us can't build generational wealth to pass on. Basically the wealthy will end up buying whatever assets you have accrued over your lifetime.