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    - ‘I have no money’: Thousands of Americans see their savings vanish

    Started by TDoS Feb 17, 2025, 10:51 AM

    Message path : / Society / The American economy / ‘I have no money’: Thousands of Americans see their savings vanish #4


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    TDoS

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    Feb 17, 2025, 10:51 AM
    Quote from: K-Dog on Feb 17, 2025, 12:35 AMMy desire to earn 4 or 5% on my stash makes me a fucking imperialist.  I admit it.  Walking on the wild side with my stash I am.
    Locally that is available on checking account balances with one condition, you run at least 15 online/card charges a month through the account. So we park plenty of cash there but use it for McDonalds purchases, Dr co-pays, fountain drinks at convenience stores, little crap. The interest more than pays for all the little crap, it is quite a nice scheme. Collect the 4.875% a month on whatever is in there. Seems reasonable for decent chunks of money, but obviously real "investments" aren't looking for just those kinds of returns.

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