this post was submitted on 07 Dec 2024
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United States | News & Politics

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Billionaires' wealth more than doubles in 10 years: UBS (www.abs-cbn.com)
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[–] Bronzebeard@lemm.ee 2 points 1 month ago* (last edited 1 month ago)

This is just a factor of how math works. Anyone holding US equities, which has historically returned 7-8% inflation adjusted per year for over a century, would see their wealth roughly double every 7-10 years.