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Are you American? I've noticed Americans in general are really into this stuff. Most bank accounts come with advanced options like money market accounts, and it
by pbiggar 16y ago
Are you American? I've noticed Americans in general are really into this stuff. Most bank accounts come with advanced options like money market accounts, and its pretty normal for people to have a "portfolio". So I would say knowing about money is a far bigger part of the US culture than it is in say Europe.
- ydant 16y agoThe money market accounts most Americans have access to as part of their baking account is simply a higher interest rate savings account with slightly different restrictions. It's not investing by any stretch of the imagination. I think the real difference is in the US is the feeling that our portfolio (i.e., our retirement account) is the only thing that will support us when we can't work anymore. Thus many Americans regardless of how much financial savvy are likely to talk about their retirement and how much it's been hit by the recession, the stock crash, whatever.