4 ms·
FDIC historical limit was set/raised eight times, essentially a bit higher than tracking inflation: https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corp
by smcin 4y ago
FDIC historical limit was set/raised eight times, essentially a bit higher than tracking inflation: https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation#Historical_insurance_limits https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corp...
FDIC(+NCUA) are allowed revise the limit every 5 years, next is 2025. Unless Congress acts sooner.
Should the FDIC limit be indexed on inflation?
- Scoundreller 4y agoThat would make more sense. But were any of the pre-2008 increases retroactive?
- smcin 4y agoNot sure what you mean, but they were ad-hoc and retroactive to bank failures, not explicitly to inflation numbers on a five-year schedule. Allowing FDIC limit to be revised for inflation is a new regulation.