2 ms·
Right now in the US, interest rates on savings isn't keeping up with inflation. Not sure what macro-econ says about the sustainability of such a situation, but
by aliston 14y ago
Right now in the US, interest rates on savings isn't keeping up with inflation. Not sure what macro-econ says about the sustainability of such a situation, but current fed policy is definitely penalizing savers in the short term.
- roc 14y agoAnd the current economic situation is an aberrant special case; it isn't implicit or ever-present. And, even still: I think anyone whose annualized rate of return on savings -- over the last, say, ten years -- has fallen below the rate of inflation, can be safely said to have invested in a manner tantamount to stuffing it in a mattress.