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REDDIT

financial questions about the 70s

I always hear about inflation from the 70s being double digit until they raised interest rates to 20%. How did people invest to stay ahead of that? I understand pensions were a thing and the average joe really didnt invest until the computer age, what financial instruments kept pensions afloat or allowed people to get ahead like today? If we are only allowed to assume 10% market returns as is the advice now