via @OccupyWisdom :
NEGATIVE REAL INTEREST RATES
The #inflation rate above the interest rate
Wage earners lose
Savings deposits lose
Cash holders lose
Bond/Fixed income investors lose
Retirees lose
Most equity investors lose
…and debtors lose too, bc of course THOSE rates are far from NEGATIVE
RULE OF 72
👨🏼works hard, saves $10K in the avg savings account. 👨🏼is rewarded with a negative rate of return & the 10K losing half of its value 10-24 years
🧔🏽spends hard, charges $10K on the average credit card. 🧔🏽 is rewarded with the $10K debt doubling every 4.8 years
