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I think when rates dropped below 4%, people already pulled out of deposits and went into tangible assets. I hink it's going to be a long time before people floc

I think when rates dropped below 4%, people already pulled out of deposits and went into tangible assets. I hink it's going to be a long time before people flock back into long-term savings accounts

reducesuffering 5y ago
On the contrary, retail deposits are as high as ever. https://mobile.twitter.com/LynAldenContact/status/1455315779377897472/photo/1 https://mobile.twitter.com/LynAldenContact/status/1455315779...
- alfiedotwtf 5y ago
  Tbh I'm quite surprised. Loading up on debt vs deposits sounds like a better alternative in this climate
  - human 5y ago
    The nice thing is that you can do both! You can up your savings while taking on a bigger than ever mortgage. A real example for someone who earns 50k per year would be to have 20k in a savings account while getting a 500k mortgage. You’d be taking advantage of the system and making more money with your debt than with your savings. That’s assuming inflation on the price of your house at 4-5% while paying 1-2% interest rate.