Savings aren’t idle though.
If you deposit 1000 euros to a savings account paying 1% interest, the bank doesn’t just put your money out the way and generously give you 1% extra a year.
No, they take your money and invest it in something else, with the goal of making 10+%, pocket the majority of it and throw you a small kickback for letting them use your money to make themselves richer.
The money is hard at work. It’s just the saver that isn’t seeing much benefit from this.
insta
npub1pf…lmwvf
2025-03-18 21:36:34
in reply to nevent1q…kd2f
Author Public Key
npub1pfqd0rnw3pw76vu3vvl0euq35fd06zk7fm0llwm83th9e59hnays3lmwvfPublished at
2025-03-18 21:36:34Event JSON
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"content": "Savings aren’t idle though. \n\nIf you deposit 1000 euros to a savings account paying 1% interest, the bank doesn’t just put your money out the way and generously give you 1% extra a year.\n\nNo, they take your money and invest it in something else, with the goal of making 10+%, pocket the majority of it and throw you a small kickback for letting them use your money to make themselves richer.\n\nThe money is hard at work. It’s just the saver that isn’t seeing much benefit from this.",
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