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> The median checking account balance was $3,400 in 2019, and that was before COVID19 struck. Does that count money market and savings accounts? And given inte
by pkaye 6y ago
> The median checking account balance was $3,400 in 2019, and that was before COVID19 struck.
Does that count money market and savings accounts? And given interest rates are so low I wonder if people invest in more riskier stuff.
- Avicebron 6y agoPeople need capital to invest. A lot of people are floating by with that 3,400, not strategically holding only 3,400 in their bank account while they make their fortune on risky investments.