Compounding

Started by Dexter, June 06, 2016, 11:19:47 AM

Previous topic - Next topic

Dexter

While doing some weekend reading, I came across this article on compounding.

http://www.usatoday.com/story/money/personalfinance/2016/06/05/compounding-financial-concept-saving/85295910/

The line that stuck out to me was: "According to research out of George Washington University, only one-third of Americans actually get how compounding works, leaving most of the public in the dark."

This is truly disconcerting.  Most American's are in charge of their retirements, yet only 1/3 of these individuals understand compounding.  We need to remedy this.

Mark P.

#1
Great article Dex.  Thank you for sharing.  I am very appreciative of my parents who taught me this principle when I was young.