76% of Americans Are Living Paycheck-To-Paycheck

[Orrex]

41. Those figures are preposterously optimistic

Last edited Mon Jun 24, 2013, 04:11 PM - Edit history (1)

$4 coffee x 365 days x 40 years = $58,400.

I'd like to see the investment strategy that's strongly likely to turn that into $634,428, especially considering that $14,600 of that will be invested for less than 10 years.

Does that article provide precise annual earnings required to secure that generous return, or is it one of those hocus-pocus declarations that crank out a huge payoff if only you don't look at the reality of the numbers? And is the $2600 per month actual income, or is it a bleeding of principal?


Or is the article, instead, another in a long line of scolding admonitions for the great unwashed plebes who would be as rich as creosote if only they weren't so stupid and short-sighted?



In short, the article can go fuck itself.