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https://www.reddit.com/r/SipsTea/comments/1x5n1tp/the_advice_didnt_age_well/pgow2xt
r/SipsTea • u/late_to_redd1t • 18h ago
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16% guaranteed rate of return CD'S. Cry me a river.
1 u/jaybee2 2h ago edited 2h ago "16% guaranteed rate of return CD'S." That's insane! Wait... what was the inflation rate? <clickity, click, click...squints eyes> Year / Era Official Average 3-Month CD Rate Official Annual CPI Inflation Rate Actual "Real" Return (Purchasing Power) Real-World Economic Context 1980 13.07% 13.50% -0.38% 1981 15.91% 10.32% +5.07% 1990 8.15% 5.40% +2.61% 2000 6.46% 3.38% +2.98% 2010 0.24% 1.64% -1.38% 2024 5.35% 2.95% +2.33% To be fair, I suppose a tiny group of savers hit the jackpot timing-wise by locking in a peak rate right before inflation cratered.
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"16% guaranteed rate of return CD'S."
That's insane! Wait... what was the inflation rate?
<clickity, click, click...squints eyes>
To be fair, I suppose a tiny group of savers hit the jackpot timing-wise by locking in a peak rate right before inflation cratered.
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u/Eggplant-Parmigiana 14h ago
16% guaranteed rate of return CD'S. Cry me a river.