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> the reason why most Americans don't currently view their savings accounts as priorities is because in the current interest rate environment savings accounts a
by caseysoftware 11y ago
> the reason why most Americans don't currently view their savings accounts as priorities is because in the current interest rate environment savings accounts and CDs are products with vanishingly little to recommend them.
According to the US Fed[1] and Bureau of Economic Analysis[2], there is a strong correlation that implies. exactly that.
1 - https://research.stlouisfed.org/fred2/series/PSAVERT https://research.stlouisfed.org/fred2/series/PSAVERT
2 - http://www.tradingeconomics.com/united-states/personal-savings http://www.tradingeconomics.com/united-states/personal-savin...