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This would only be true if you allow your money to rot and don't do anything with it for 60 years. Inflation would eat into that a lot more in that scenario. Av

This would only be true if you allow your money to rot and don't do anything with it for 60 years. Inflation would eat into that a lot more in that scenario. Average inflation is roughly 3%. As others pointed out, equity returns are 5-6% so if you do something with your money this won't be the case and you'll actually increase your wealth a lot. Assuming 5% return, this is an 18x return over 60 years.

usefulcat 6y ago
> This would only be true if you allow your money to rot and don't do anything with it for 60 years. Inflation would eat into that a lot more in that scenario. Average inflation is roughly 3%. This statement assumes that 'wealth' == money.