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Personal Finance and Investing

question everything

(49,455 posts)

1. In the 70s and 80s with high inflation Money Market was a safe bet for savings

Reply to Tomconroy (Original post)

Sat Apr 2, 2022, 10:51 AM

Apr 2022

But in the past 30 years or so, interest rates are around 1%.

In 1992 I was a volunteer on the AARP tax preparers and one senior after another showed me their 1099 with the miserable interest on their CDs and Money Market accounts.

Yes, we still hold some funds in our brokerage money market and have checks associated with it if we need quick cash.

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How the Middle Class joined the Money Class. [View all] Tomconroy Apr 2022 OP

In the 70s and 80s with high inflation Money Market was a safe bet for savings question everything Apr 2022 #1

The link may not be working. The article goes on to describe Tomconroy Apr 2022 #2

I copied the whole URL and pasted it in my Chrome browser's address line - works fine progree Apr 2022 #3