Well, that was my question, if "kind of flat" means keeping up with inflation at least, or not. Although my understanding of the standard model of how privatiz

Well, that was my question, if "kind of flat" means keeping up with inflation at least, or not. Although my understanding of the standard model of how privatized "saving for retirement" via investment funds works, is that you better have returns at more than inflation, especially in the early part of your career, if you want to be able to retire.