Why Your Savings Account is Losing You Money!

Subscribe for more finance-related content you’ll like! When opening up a savings account you might realize that your interest rate is a lot lower than the rate of inflation. Due to this, you’ll end up losing money by the end of the year, so instead put your money towards the S&P 500, which averages 7%, a lot higher than the rate of inflation. Let me know your thoughts about savings accounts in the comments! If you made it this far, you’re interested in finance so hit that subscribe button for more content #Shorts #finance #money #invest #savings