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| The world is on fire! (That is actually steam; Porcelain Basin, Yellowstone.) |
(Bonus: John Green on life expectancy. tl;dr - don't believe the Doomers.)
McKinsy here. Something to keep in mind. Excerpt:
Turning 30 just got a lot scarier.
A coming collapse in investment returns means that people that age today will have to work seven years longer or save almost twice as much to end up with the same nest egg as those of roughly a generation ago.
That doesn’t sound good.
Here’s the problem — this story was originally published in 2016.
We’re now past the halfway point for these 20 year forecasts.
Since this was published the U.S. stock market is up well over 300% in total or 15% per year.
The past 10 years have experienced higher real returns than the “Golden Era” for investors in the 30 years ending in 2015.
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