Its true saving accounts got up to 7% in the 80s, but you're missing the part where inflation was 14%. A HYSA account today will actually beat inflation, those savings accounts did not.
They aren’t announcing it but the real inflation we are experiencing right now is way over 14 percent. Groceries cost more than 40 percent more than they did 2 years ago, my insurance went up by 150 a month. If you think .3 percent covers anything Youre insane.
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u/MikeExMachina 16h ago
Its true saving accounts got up to 7% in the 80s, but you're missing the part where inflation was 14%. A HYSA account today will actually beat inflation, those savings accounts did not.