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The 250k limit should be inflation adjusted. It’s not been raised since 2008. If inflation adjusted the FDIC insurance would be closer to 350k
by bushbaba 4y ago
The 250k limit should be inflation adjusted. It’s not been raised since 2008. If inflation adjusted the FDIC insurance would be closer to 350k
- jjav 4y ago> The 250k limit should be inflation adjusted. It’s not been raised since 2008. If inflation adjusted the FDIC insurance would be closer to 350k That 100k difference wouldn't make any difference here though, since the problem is for businesses (startups mostly) who had accounts there. The 250K insurance limit seems quite reasonable for individual personal accounts per bank. But applying the same limit to a whole company which may well have more than 250K in payroll per month... well there's a problem.