Unknowns on Nostr: Middle class people choose savings because they are considered the safest, there is a ...

Middle class people choose savings because they are considered the safest, there is a guarantee from the government. Although, they are aware, interest on savings is low. Risk is seen as more important than profit in investing. Profits are willing to be sacrificed for peace of mind for risks that are considered low.

The understanding that putting in savings is safe, without risk, is wrong. That belief is completely wrong. Although there is a guarantee from the government through the Deposit Insurance Corporation for bank savings, there are other risks from savings that often go unnoticed.