Interest returns (including ROI on investments) only help you if you have money in the market. The poor don’t. The poor are also disproportionately affected by inflation, as that causes wage stagnation, whereas regular old inflation is less than interest rates so it is built in protection for capital holders.
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Interest returns (including ROI on investments) only help you if you have money in the market. The poor don’t. The poor are also disproportionately affected by inflation, as that causes wage stagnation, whereas regular old inflation is less than interest rates so it is built in protection for capital holders.
Yeah, more great examples of why compound interest is not the only explanation.