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Re:Why Do People Stay Poor? [pdf] by Anon1096 on Wednesday July 29, 2020 @10:49PM (#23994000)
Why should the interest rate on a savings account match inflation at all? I don't see the correlation. With FED rates so low, it isn't even evident that they should produce positive return, and I wouldn't be surprised to one day see negative return savings accounts.
Re:Why Do People Stay Poor? [pdf] by CarbyAu on Wednesday July 29, 2020 @11:07PM (#23994153)
While I have a vague intuition from an economic point of view you are correct,(I am not a finance guy) I take issue with the name of the product.

Savings. Generally advertised as helping your money grow. It isn't advertised as a "Slow draining of value" account.