this post was submitted on 02 Jun 2024
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In case you missed it: Bank info-stealing malware found in 90+ Android apps with 5.5M installs (mashable.com)
submitted 5 months ago by return2ozma to c/technology
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[โ€“] LifeInMultipleChoice 2 points 5 months ago (1 children)

That is correct, but you do lose out on all investments that have generated the wealth to make people wealthy these days.

So let's say inflation was 4 percent for the year and you could have made 10 percent invested in stocks for the year, you would have made 6% profit on your money for the year. Instead you lost 4% that year.

That difference could make or break someone long term, completely different retirement options.

[โ€“] [email protected] 0 points 5 months ago

Everything's going to collapse in the next 10-20 years anyway.