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>Why doesn't the government provide banking services with unlimited insurance? Or atleast increase coverage at regular intervals. Thanks to inflation, the amou
by ashwagary 4y ago
>Why doesn't the government provide banking services with unlimited insurance?
Or atleast increase coverage at regular intervals. Thanks to inflation, the amount of real value that is FDIC insured halves every so many years.
- jedberg 4y agoIt does change once in a while. It last changed in 2008 (2.5x the previous limit set in 1980). https://americandeposits.com/history-and-timeline-of-changes-to-fdic-coverage-limits/ https://americandeposits.com/history-and-timeline-of-changes...
- ashwagary 4y agoDepending on your method of measuring inflation, a US dollar may have lost ~50% of its value since 2008. They should probably increase the frequency of adjustment or atleast tie it to CPI in some way.