19 ms·
The Fed is responsible for the savings rate of the average American, which is to say, it's absolutely worthless to stick your money in the bank and watch it gro
by walru 8y ago
The Fed is responsible for the savings rate of the average American, which is to say, it's absolutely worthless to stick your money in the bank and watch it grow, which would help starve off what they're talking about here.
- Y_Y 8y agoI think "starving off" might be exactly what they have in mind.
- deleted 8y ago[deleted]
- walshemj 8y agoYou know that high interest rates for savings go in had with high inflation cash never beat's inflation.
- kolpa 8y agoThe average American has no particular reason to stick with a "savings account". They could buy equities and ETFs that are as simple as savings accounts.
- gbacon 8y agoYou are responsible for your rate of savings. I am responsible for mine.