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The Fed continues to hold interest rates near zero and signaled it would probably keep them there through next year to help the U.S. economy recover from Covid-19. So, we have a year with almost zero interest rate.
The man, the legend, the prohibition era gangster, Dutch Schultz. It is said that he has hidden treasure made of thousand-dollar bills, diamonds, and uncashed World War I Liberty Bonds. But the majority of it is gold bars and coins. How did he amass all that wealth?
According to a survey by Bankrate, one in five American adults have nothing saved for retirement or emergencies. There is also 20 percent that saves only 5 percent or less of their annual income for their future. Less than a third of all Americans have saved at least 11 percent or more.