this post was submitted on 10 Aug 2024
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[–] _bcron@lemmy.world 15 points 1 year ago* (last edited 1 year ago)

With a 10% rate of return money doubles every 7 years, rule of 72. With wages being pretty damn flat eventually people won't be able to afford things on income but on wealth because that's the only thing that's tracking alongside property valuations. Edit: basically peak capitalism