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> You're assuming that investment actually happens. Of course! I am assuming that investment actually happens because I put money in my savings account and I r
by geocar 10y ago
> You're assuming that investment actually happens.
Of course! I am assuming that investment actually happens because I put money in my savings account and I receive interest.
- Dylan16807 10y ago> I put money in my savings account and I receive interest. You do? I think you're an outlier there. Is that rate beating inflation? I count the .15% rate on my savings account as a joke, rather than any sort of meaningful interest.
- geocar 10y agoYou should talk to your bank: Mine offers a savings account that just beats inflation if I don't take a withdrawal that I can use for an emergency fund, and once you have an emergency fund set up you can put further savings into fixed-term accounts which actually generate "meaningful interest".
- pdkl95 10y agoAs a HN member, there is a high probability that you receive a comfortable salary. Please realize that this probably puts you in a position of (some) privilege when you interact with banks. For much of the country that lives paycheck-to-paycheck, paying rent and buying food/gas take priority over maintaining the minimum balance that is usually required in accounts that pay interest.