SLR 0.00% $1.57 silver lake resources limited

chart please, page-24

  1. 14,303 Posts.
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    "If you were to retire in the US at the moment you'd be would be much better off financially than before the GFC."

    How?
    What if your an average person with most of your assets in your home (down 30-40%) and in cash and those cash savings are now worth a fraction of what they were when it comes to paying the bills and feeding your family; and earing less interest than the inflation that you see in those everyday expenses. Then there's those that have lost jobs, and those with no work that have given up looking and are not even showing up in the unemployment rate anymore.
    Then there's the thought of continuing inflation at higher rates than interest earned continuing to eat away at your savings, and if on a pension you face the amount of that pension staying flat because the govt is trying to reduce deficits while inflation continues to erode the purchasing power of that pension.

    How many average citizens (especially those near retirement) may have switched from shares to cash near the lows when they were too scared to hold on any longer.
    Now those shares have rebounded but their cash is devalued.

    How is the typical person better off than before the GFC?


 
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