Comment on Why aren't we all getting rich from compound interest?

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WR5@lemmy.world ⁨4⁩ ⁨weeks⁩ ago

Could you elaborate on that? At $1 million, that would be your yearly salary for over 13 years. At 5% yearly interest (from something like Discover) would generate $50k/yr. Why would you not be able to retire?

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