I read that entire article, searching for a mention of the crap rates the banks (and even the credit unions) are paying for even long term CD's. At this point, there is no reason to put money in any kind of savings account, if you're going to be paid less than 1% interest for it, and that's assuming that you HAVE some money that could be saved.
seriously? 'Experts' are puzzled about why folks aren't saving? If that's the case, they aren't 'Experts', they're fucking morons.
here's a hint: in order to be able to save there are a couple of conditions that need to be met... a stable JOB that pays enough to live on AND THEN SOME, and banks that actually, you know, pay an interest rate that's actually worth putting the money in the bank for... otherwise you're better off keeping your spare change (if you've got any) in a jar.
Rising Hegemon
4 comments:
Jeez, the New York Times used to be a decent rag. Now the best of them are blithering twits. What the heck happened to the NYT?
I read that entire article, searching for a mention of the crap rates the banks (and even the credit unions) are paying for even long term CD's. At this point, there is no reason to put money in any kind of savings account, if you're going to be paid less than 1% interest for it, and that's assuming that you HAVE some money that could be saved.
seriously? 'Experts' are puzzled about why folks aren't saving? If that's the case, they aren't 'Experts', they're fucking morons.
here's a hint: in order to be able to save there are a couple of conditions that need to be met... a stable JOB that pays enough to live on AND THEN SOME, and banks that actually, you know, pay an interest rate that's actually worth putting the money in the bank for... otherwise you're better off keeping your spare change (if you've got any) in a jar.
if only people didn't have to eat and stuff. plus the interest rate. we need a volker.
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