I re-listened and he says: “on the equities side ... you get a modest return that’s above inflation, roughly four... four and a half percent”.
So that’s above inflation. So take away 3% inflation and what do you get? 4 - 3 = 1%.
I admit I’m looking at a pessimistic scenario. It could be slightly better. But that’s the ballpark
He is clearly talking about inflation- corrected return. 4% above the inflation rate. That's 4 times 1%.
But I guess if you are bound and determined to be depressed about imaginary things, then there is little we're going to be able to do to stop your downward spiral.
An "outlook" is an imaginary thing. Finance outlooks are not predictions, like you can do in simple physics problems, no matter how much math you use to "smoke and mirror" the issue.
Edit: and what Malkynn said... And I thought I was strongly making my point :-)
Malkynn, be strong and keep the Positive Mental Attitude!
Check out " Best day till tomorrow " by The Real McKenzies
https://m.youtube.com/watch?v=0lQ5zg4aOJYenjoy what'chas got, not what you have not
'tis a weak heart lamenting with sorrow
when the days seem cursed, it could always be worse
fight depression with sword and arrow
when the zeppelinous clouds of trouble abound
and thunder is clapping and lightning strikes ground
just when yer thinking this may be your last
throw a lash 'round the mast, hold fast!
when the world ain't right, and it smithes ye with strife
ye can now buckle down, it's a test they call life
very soon you will see what kind of animal you'd be
taking the bite outta life
when they're testing the gallows, yer hung like a dog
or they're marching us out to a firing squad
we just smile and recall all the good times we had
it's the best 'til tomorrow
it's the best day 'til tomorrow
no considering surrender when yer down in the dregs
if ye look down and notice you still have your legs
so stand up and fight you just might seize the day
it's the best day 'til tomorrow