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  #4223 (permalink)  
Old 02-05-2014, 11:45 AM
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Originally Posted by Unregistered View Post
haha. You forgot about the inflation. Most people forgot this.

The $10,000 he will get at age 67 is not the $10,000 today. If inflation is 3% a year, that $10,000 is worth only $5,500 when he reaches 67. Hopefully it will give a comfortable level of living, but it certainly not a lot of money.

Do you remember the Old Chunky curry puff when it was at $1 per piece? That wasnt too long ago, now one piece is selling for $1.40. A 40% increase!

Really in 20 years time, nobody would want to pick up a $5 note on the floor. Probably cant even pay for a cup of Kopi-O. scary isnt it?
bs king lah...try dropping $1 coin today in the street and see how long it will stay there...

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