- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
About 36% of U.S. adults say they have less than $1,000 in their savings accounts.
For analysis of the political views of that media: https://ground.news/article/over-half-of-americans-say-theyre-not-even-close-to-financial-freedom
With the interest rates of savings accounts why bother. Just leave it in checking. Or cash.
Or are we trying to act surprised most people don’t have money?
it’s just further evidence that the rot in the economy is reaching a critical point. either some socdems push through reforms so the system can limp on or we’ll hit the 3 days of missed meals tipping point.
So instead of 1% interest your suggestion is 0% interest?
savings and COD are 4-5+% right now.
Interest rates are like 5%