Are US citizens saving more of their money in savings accounts?
Savings can be erased by a high inflation rate. So it pays to control inflation rate that can be manipulated by interest rate. The power to manipulate interest rate rests with the Federal Reserve Bank not with the President of the United States or Congress. But the blame for high inflation rate is usually placed on the president. Poor president! He cannot even order the minting of US coins without the approval of the Fed. The president can haggle with Congress economic stimulus package, decrease in budget deficit package and health care reform. Assuming inflation rate is low and stable, US citizens can save money in their savings accounts.
At the rate of 1/2 % you'd have to be uninformed to let the banks bend you over like that.
by Missing Link 5 years ago
What will happen to USA savings accounts and IRAs if the dollar and/or world economy collapses?I am quite worried the dollar and/or world economy will collapse. If so, what will happen to savings accounts in USA banks or USA managed IRA accounts? They say bank accounts are FDIC insured but surely...
by SPomposello 6 years ago
Let's say your employer doesn't match anything with your 401k, and you have no issues with saving money, you don't have a million expenses... is there any point in having a 401k, iRA, or anything of that sort then?I've got two jobs plus I'm married, my wife works, our expenses are low, I have a...
by Penelope Hart 5 years ago
Do you save money? I mean do you put money into a savings account regularly?Do you make enough money to save money? How do you save it? Do you save even though you can't afford to save? Are you cutting corners to save?Or do you simply not save, because you can't?
by Special Kay 7 years ago
It is better to save money or pay off all your bills?
by Wendy Iturrizaga 7 years ago
Hello Hubbers, Welcome to a new month full of new challenges. After a very busy April with The HubMob Greatest hits and the HubPages contest we are entering May full of new ideas to keep making the most of our Hubs.This week we are going to be sharing tips about an evergreen topic: Saving money. In...
by Beyond-Politics 8 years ago
With so much vocal an organizational opposition to President Obama and his policies (such as they are) after only 9 months in office, is such criticism warranted? Does the opposition reflect minority intolerance, or a fear of growing minority influence?
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