December 10, 2013

AND WHEN WE SAY SAVINGS ACCOUNTS WE MEAN INVESTMENT ACCOUNTS:

Why America's new love affair with saving is not great economic news (John Aziz, 12/10/13, The Week)

Now, there's no doubt that everyone should have some liquid savings as insurance against the uncertainty of the future, although the historical record illustrates that investing money in productive companies tends to have a much, much higher yield than sitting on it in a savings account, certificate of deposit, or money market fund.

At our annual benefits enrollmenbt meeting it was revealed that only one employee had their HSA money invested instead of saved.

Individuals can't be left to control such accounts.
Posted by at December 10, 2013 5:52 PM
  
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