May 24, 2022
Saving is making you lose money (Opinion)
Ever since the concept of monetary value has existed, the most robust, tried and tested advice has been to save money. In fact, saving money has been thought of as being synchronous with wealth accumulation and prosperity for the individual or collective (firm). Contemporary savings accounts offer a fixed return on investment and usually take into consideration the rate of inflation. Therefore, after accounting for inflation, you would have made money or at the very least, made no losses. However, nowadays, that is not the case at all, as US savings accounts are offering astonishingly low rates, as low as
