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5 Economic Assumptions We (still) Make That Won’t Always Be True

Prairie Eco-Thrifter

Hmmmm, in 2008 one of the biggest fears was that credit markets would dry up causing massive restrictions in banks lending to one another and therefore massive refusals to lend money to us. If this particular part of the crisis had not been averted, bank and business failures would have been even more prolific.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Both are now old enough to open a bank savings account. I would go into the bank with my stubby little hands clutching my months worth of allowance (total of $1), deposit it and see the results right off printed in my book. Trepidation about having the grand-kids open a savings account. Back then I had a passbook.

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