Re:Why do people hate inflation?
by boublepop on Tuesday July 13, 2021 @05:41PM
(#27826654)
Currently “high yield” savings accounts have negative interest rates. So not much help compared to putting everything in the market and hoping there isn’t a major crash.
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Real negative but still nominally positive and guaranteed never to go down, that’s a big difference from putting all your money in the stock market.
Were inflation to be sustained it’s likely HYSA interest rates will go back up too - that’s the general historic trend.