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After the collapse in 2008, they decided to drop the effective interest rate to 0.0% on personal savings accounts, like the one my parents were counting on. T
by mikewarot 2y ago
After the collapse in 2008, they decided to drop the effective interest rate to 0.0% on personal savings accounts, like the one my parents were counting on.
The 5-8% per annum, which everyone older expected to live off of, was stolen to prop up the banks which got us into the mess in the first place.
It's not their lack of planning, not their generations fault. They they shouldn't be the ones to pay for the crash of 2008. There should be thousands of former bankers starting their second decade behind bars... but there are NONE.
- jillieco84 2y ago[flagged]