3 ms·
> (low-yield) retirement savings Not sure about that. The last 20 years (most of Gen Xers working lives), returns in the stock market have been reasonably good
by ac29 8y ago
> (low-yield) retirement savings
Not sure about that. The last 20 years (most of Gen Xers working lives), returns in the stock market have been reasonably good, despite there having been multiple recessionary periods.
Jan 2000-April 2019 S&P500: 5.688% annualized (190.085% for the period)
https://dqydj.com/sp-500-return-calculator/ https://dqydj.com/sp-500-return-calculator/
- dragonwriter 8y agoLow yield compared to paying off debt. Reasonably good stock market yields are still well below lots of the debts people have; 5.688% isn't much more than interest on a lot of federally subsidized student loans, and far less than on lots of consumer debt.
- dv_dt 8y agoYou say that's good performance, but the rule of thumb for the baby boomer generation was to assume a 10% annualized return from the market. In fact, many pensions are in trouble from assuming 10% while there was actually a gap.