Unless you're earning this much, your savings are losing money to inflation every day
You're losing purchasing power if the APY on your savings account doesn't keep up with inflation.
Overview
You're losing purchasing power if the APY on your savings account doesn't keep up with inflation.
Source
Originally published at www.cnbc.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.