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Is that based on not investing that $21 million or am I misreading something about how that money was or wasn't used?
by sunrunner 8mo ago
Is that based on not investing that $21 million or am I misreading something about how that money was or wasn't used?
- deathanatos 8mo agoNo, they're saying that inflation that year was 4.3% ($1.22B / $1.17B¹) If you're only making 1.8% in investing it, you're not beating inflation, and your money, though nominally growing (number is going up), is decreasing in its real value (amount of stuff the money gets is going down). (¹I think this is too high; BLS thinks inflation over 2016 was 2.5%. But their core point still stands: interest earned was below inflation.)
- TylerE 8mo agoI used the CPI