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Topic	Politics Containment Topic 390: Where Uvalde Cowboys Gone?
Inviso 06/23/22 9:15:36 AM #232:	red sox 777 posted... Sure it will. I just did a calculation. If a 30-year old starts with nothing and saves $5,000 a year, with increases of 3% a year, and invests in an index fund with a rate of return of 9% per year (the long run S&P average), by age 65 he has more than $1.5 million. This doesn't even take into account the issue of inheritances. By age 65 a person may have already received an inheritance. Also, this is dumb as hell. If the median savings account in this country only has $4,500.00 OVERALL, how exactly do you expect people who "start with nothing" to save $5,000.00 a year? --- Touch fuzzy. Get fuzzier. Inviso <cite>Inviso posted [p:966037717] in Politics C... [t:80059113]...</cite> <quote>red sox 777 posted... </cite> <quote>Sure it will. I just did a calculation. If a 30-year old starts with nothing and saves $5,000 a year, with increases of 3% a year, and invests in an index fund with a rate of return of 9% per year (the long run S&P average), by age 65 he has more than $1.5 million. This doesn't even take into account the issue of inheritances. By age 65 a person may have already received an inheritance.</quote> Also, this is dumb as hell. If the median savings account in this country only has $4,500.00 OVERALL, how exactly do you expect people who "start with nothing" to save $5,000.00 a year? --- Touch fuzzy. Get fuzzier. Inviso</quote> ... Copied to Clipboard!
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