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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by eric_cc on Sunday March 12, 2023 @10:26PM (#35130086)
Consider financially responsible people in their 50’s and 60’s that have had decades to save. There are plenty of “regular”, middle class people with this type of savings in their account.
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Re:Joint Statement by the Department of the Treasury, Federa... by DubiousPusher on Sunday March 12, 2023 @10:31PM (#35130141)
If you have that much in liquid cash, you meet virtually no definition of the term "middle class". You are upper middle class at leadt and you probably have a financial advisor who is telling you that you shouldn't locate all your money in one account unless it is yielding in a way that justifies such a risk. At least I hope you do.
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Re:Joint Statement by the Department of the Treasury, Federa... by solveit on Sunday March 12, 2023 @10:35PM (#35130196)
Or you're just old and you don't believe in investing. Lots of people are like this.
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Re:Joint Statement by the Department of the Treasury, Federa... by DubiousPusher on Sunday March 12, 2023 @10:41PM (#35130263)
I concede that edge case.
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