Compound Interest Comparison
How Much Is $1B Versus $100K?
At 1% interest compounded annually, billionaires with $1B would grow their wealth by $10,000,000 every year!
Your $100K would grow by $1,000. At one percent interest, it'll take about 72 years to double your money.
Note: Debt grows much faster than savings (since most credit cards and buy-now-pay-later services charge interest at a daily rate that's added to your balance each month). After one year, if no payments were made, a balance of $100K at 20% APR would become ≈$121,939. At 30% APR, it would become ≈$134,489.
10,000 : 1
Their Wealth
Your Wealth
(at this scale, it's effectively zero pixels)
That's extreme wealth inequality.2
RAISE HELL ONLINE!
Demand elected officials tax the ultrarich and corporations.
Nobody should have a billion+ dollars. Let's remind our representatives that there are fewer than one million ultrarich, but over eight billion of us. #taxtheultrarich #taxcorporations