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Investing, Personal Finance

“Nearly 70% of Americans are making this huge mistake with their money”

“Nearly 70% of Americans have savings accounts paying less than 2% interest, according to a survey of 1,000 consumers conducted by personal-finance website Bankrate. One in five consumers earns less than 1% annual percentage yield (APY) on the short-term savings, and nearly one in four people said their savings account didn’t earn interest at all.

Meanwhile, only 14% of consumers said their savings accounts earned more than 2% APY…”

https://www.marketwatch.com/story/nearly-70-of-americans-are-making-this-huge-mistake-with-their-money-2019-05-23

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