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The Netherlands is a country where everyone saves. It's in the blood. But with low interest rates people were forced to invest instead of traditional saving acc
by WeylandYutani 4y ago
The Netherlands is a country where everyone saves. It's in the blood. But with low interest rates people were forced to invest instead of traditional saving accounts.
Not that long ago you had to PAY the banks to hold your money. Crazy times.
- nebula8804 4y agoHow do they prevent their money eventually going to 0 (on a long enough time horizon)?. Did they use to have very high rates of return in savings accounts? What about during the times you had to pay the bank to hold your money?
- zie 4y agoIf you are talking in real terms(i.e. after inflation adjustments), you still end up paying banks to hold your money.