My savings account is currently at 3.778% it was at 4% last month. We will see how hard fed interest cuts hit but these accounts aren't intended to make a crap ton of money. They exist to stave off inflation and maybe get a few extra bucks on top.
Honestly, I am surprised TSA workers haven't walked out yet. What incentive do they even have at this point?
With the
I want to die with way less than zero. I plan on getting heavily into debt and fleeing the country when I get older.
The only real growth has been at the same four or five firms all passing money around at each other (hehehehe line go up).
We all know inflation is a thing. It is a common attribute for all viable currencies and is considered to be essential by economists as it encourages people to keep moving their money rather than stuff it under their mattress like with crypto. My high yield savings has surpassed the inflation rate every year I have had it while having the least risk possible.
Your debasement stuff is commonly used as a fear mongering tactic by people with an incentive to get you to buy their specific investment. For example you posted a Big Mac picture that Bitcoin people like to post to show shrinkflation when the actual claim is completely unfounded.
Big Mac Went from $0.50 to $8 Yet Lost 40% of Its Size Since 1980?
Social media users claimed the well-known burger fell victim to shrinkflation.www.snopes.com
You still seem to forget that part of the risk assessment is what will occur to your money/assets in a downturn and how quickly those assets can be liquefied if needed. Money Market / High Yield accounts are some of the safest savings platforms that can be used for emergency funds while remaining liquid and keeping up with inflation. They also wont tank with a *insert your investment here* market crash.
Trust me, I am 100% against too much savings. You need to make your money work for you. The problem we are talking about is for financial security which necessitates safer investment platforms. Even gold can be volatile.
It is relevant since it follows the same exact problem with the meme and the base picture is in the snopes article. The second part of the article absolutely talks about the size of the Big Mac over time which is why I posted it. Your meme is just a rehashed version of what snopes covered and is still just misinformation at best.
Do you even know what debasement even is? You keep using it interchangeably with inflation. Your link is 100% inflation data that yet again everyone knows about. It feels like you just learned these terms and are freaking out about it.
Again, you aren't posting any debasement data. You post purely inflation data which absolutely is lower than my interest rate.
Forever and ever, amen!
The picture absolutely implies shrinkflation. That is why there were two different sized Big Macs labeled with the different years and prices. As a matter fact if your meme was true you would be closer to what debasement actually is rather than the nonsense you are talking about.
Again, this is not debasement. It is just inflation and we have ways to measure inflation. Currently inflation sits at 3%.
Where does this number come from? You aren't posting that data. You just post random figures that don't actually cite a "debasement" figure and assume we will agree that our money it getting decimated at 14% a year. I seriously don't think you have a clue what debasement actually is.
I wouldn't necessarily talk specific assets either but that doesn't mean you can't mention the asset class. Also odd that you come into a thread about emergency budgeting in aviation and just complain and fear monger about what is being said rather than actually posting your actual figures or giving potentially helpful advice.
