Placeholder Image

Subtitles section Play video

  • Let me ask you a question, how much interest would you earn if you deposit your savings in the bank At first glance, it seems like at least a few percent for it to make any sense.

  • Right.

  • However, if you look at the numbers that's far from that, the top banks, such as the citibank for example, offer literally less than .5%.

  • There are banks that offer a higher rate, but there's still less than 1%, especially since interest rates are at the bottom now.

  • Think about it.

  • Your money grows by .5%, while inflation is 2.5%, the intrinsic value of your wealth is literally decreasing every single year.

  • You're far better off spending that money today than keeping it in the bank.

  • The purchasing power of your money in a few years is going to be far less than it is now.

Let me ask you a question, how much interest would you earn if you deposit your savings in the bank At first glance, it seems like at least a few percent for it to make any sense.

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

A2 bank interest offer purchasing power intrinsic literally

The Truth About Money That Banks Never Want You To Know #shorts

  • 45 3
    林宜悉 posted on 2021/07/22
Video vocabulary