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The Easy-Money Era Is Still Alive. Don't Waste It.

·1 min

Americans are losing money as interest rates rise. The Federal Reserve’s efforts to control inflation have caused returns on bonds and savings to increase. However, not everyone has taken advantage of these higher rates. Approximately $17.5 trillion is deposited in commercial banks, with the average savings account earning only 0.45% interest per year, according to the Federal Deposit Insurance Corporation.