healthmyths
Platinum Member
- Sep 19, 2011
- 29,507
- 10,917
I absolutely KNOW this sounds absolutely stupid question but I guarantee there will be some idiots who will:
a) NOT understand at all the question
B) will refuse the FACTS of compound interest
C) Will make stupid irrelevant comments.. but here goes..
The FACT of "compound interest" is $500,000 can be accumulated.
If over 40 years a worker starting today at average wage of $30,000 and increases over time were able to TELL the government where to put the payments the worker and employer had TAKEN from the paycheck.
Without ANY risk and GUARANTEED by FDIC insurance at an average interest over 40 years at 3% the worker would accumulate $532,834!
And this is using IRS tax returns analysis...
AWI development, 1973-84
a) NOT understand at all the question
B) will refuse the FACTS of compound interest
C) Will make stupid irrelevant comments.. but here goes..
The FACT of "compound interest" is $500,000 can be accumulated.
If over 40 years a worker starting today at average wage of $30,000 and increases over time were able to TELL the government where to put the payments the worker and employer had TAKEN from the paycheck.
Without ANY risk and GUARANTEED by FDIC insurance at an average interest over 40 years at 3% the worker would accumulate $532,834!
And this is using IRS tax returns analysis...
AWI development, 1973-84
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