> savings accounts are a terrible, terrible way to invest your money. If you have money in a savings account for the purpose of earning interest, you're doing i

> savings accounts are a terrible, terrible way to invest your money. If you have money in a savings account for the purpose of earning interest, you're doing it wrong. Note that this wasn't always the case, though. Until not too long ago, keeping your money in a savings account, not making too many "risky" investments, and benefiting from compound interest in the long term while saving for retirement was considered basic financial literacy. However, by now interest rates have been near zero and well below inflation for the entire adult lives of anyone under ~35, so the common wisdom has shifted to investing your money in the market being basic financial literacy.