April 18, 2022 | Savers from 18 to 85 Are Getting Totally Screwed
The Fed has been screwing savors for decades – but with inflation at 8.5% and rising, now it’s a real negative-yield bloodbath.
Savers use to get 5% or 6% in a Certificate of Deposit 20 years ago. With a $1 million, you could make $50,000 to $60,000 in interest per year without touching the principal.
Today that same $1 million will make you $3,900 per year in a 5-year CD – which is a return that is approximately 8.1% BELOW the current rate of inflation.
“The saver sees inflation making a mockery of years of thrift.” – The Federal Reserve Bank of New York
Of course the game is rigged – but to win, you have to take risks with your money.
Especially now or inflation will beat your brains out.
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Robert Campbell April 18th, 2022
Posted In: The Campbell Real Estate Timing Letter