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The power of compound interest works both ways. For the rich, It can mean a spiral upwards, as they can exploit the difference in interest rates of different in
by _nedR 11y ago
The power of compound interest works both ways. For the rich, It can mean a spiral upwards, as they can exploit the difference in interest rates of different investments to make profit. For the poor, it often means a spiral downwards into greater debt, more frequent defaults and ever higher interest rates.