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this post was submitted on 02 Jun 2024
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That is correct, but you do lose out on all investments that have generated the wealth to make people wealthy these days.
So let's say inflation was 4 percent for the year and you could have made 10 percent invested in stocks for the year, you would have made 6% profit on your money for the year. Instead you lost 4% that year.
That difference could make or break someone long term, completely different retirement options.
Everything's going to collapse in the next 10-20 years anyway.