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To comment on only the math, it is basically correct. Which

Posted on: April 29, 2012 at 20:36:12 CT
GA Tiger MU
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is simply another indication of the abysmally inept job our public school system is doing - since I guarantee hardly any HS grad knows what compounding interest does over time.

But I realize that even if they knew, the majority by far would never make it, because they'd spend most of it on useless crap.

Its the American way.

Edited by GA Tiger at 20:37:26 on 04/29/12
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there is only one "private" ssi scheme - kbit MU - 4/29 20:18:48
     at 5% is basiclly doubles every 10 years - tigerinhogtown STL - 4/30 00:04:25
          At 5% it actually doubles every 14.2 years - SparkyStalcup MU - 4/30 08:10:18
          Use the rule of 72. Take the interest rate, - GA Tiger MU - 4/30 06:49:47
     Those are two pretty big assumptions. - Alferd Packer MU - 4/29 20:49:29
     To comment on only the math, it is basically correct. Which - GA Tiger MU - 4/29 20:36:12
          fred mentioned compound interest as the key to the concept - kbit MU - 4/29 21:52:47
               Compounding interest is the trick. - ArnoldBabar MU - 4/29 22:09:26
                    He said bond markets..... - SparkyStalcup MU - 4/30 08:13:46
                    over the course of 65 years? - SoCalTigr UM - 4/29 23:06:42
                         Tell me what 1% over 65 years is, Einstein. - ArnoldBabar MU - 4/29 23:16:00
                              Just doing it in my head, I say it'd be worth at least $9200 - GA Tiger MU - 4/30 06:52:56
                              tell me what it would've been over the last 65 years. - SoCalTigr UM - 4/29 23:21:04
                                   LOL. - ArnoldBabar MU - 4/29 23:30:09
                                        why? - SoCalTigr UM - 4/29 23:32:25
     I posted something like that the other day. - SoCalTigr UM - 4/29 20:32:44
          Because it makes no sense. Otherwise, you're smart. (nm) - ArnoldBabar MU - 4/29 20:56:09
               why wouldn't it make sense? - SoCalTigr UM - 4/29 21:24:35




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