All Categories FAQ I like my savings account more than the thought of investing.

I like my savings account more than the thought of investing.

By Sean Tepper
February 17, 2021

The average savings account earns .1%. The average annual inflation rate is 3.22%. In other words, your cash is losing 3% value every year. This is one reason why people don't reach financial goals and don't retire. If you feel like you take one step forward but two steps backward, this is one reason why.

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