A Self-Fulfilling Prophecy
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Why keep your money in a small bank, when you can put it in one too big too fail?
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I would think that most of those deposits that would not be covered by insurance would almost 100% be businesses.
Maybe I am wrong, but I doubt that too many people have USD$250 K or more in a single bank account.
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I would think that most of those deposits that would not be covered by insurance would almost 100% be businesses.
Maybe I am wrong, but I doubt that too many people have USD$250 K or more in a single bank account.
@taiwan_girl said in A Self-Fulfilling Prophecy:
I would think that most of those deposits that would not be covered by insurance would almost 100% be businesses.
Maybe I am wrong, but I doubt that too many people have USD$250 K or more in a single bank account.
Retirement accounts
U.S. residents
35 and under have an average of $30,170 in retirement savings;
those 35 to 44 have an average $131,950;
those 45 to 54 have an average $254,720;
those 55 to 64 have an average $408,420;
those 65 to 74 have an average $426,070;
and those over 70 have an average $357,920. -
@taiwan_girl said in A Self-Fulfilling Prophecy:
I would think that most of those deposits that would not be covered by insurance would almost 100% be businesses.
Maybe I am wrong, but I doubt that too many people have USD$250 K or more in a single bank account.
Retirement accounts
U.S. residents
35 and under have an average of $30,170 in retirement savings;
those 35 to 44 have an average $131,950;
those 45 to 54 have an average $254,720;
those 55 to 64 have an average $408,420;
those 65 to 74 have an average $426,070;
and those over 70 have an average $357,920.@Copper said in A Self-Fulfilling Prophecy:
@taiwan_girl said in A Self-Fulfilling Prophecy:
I would think that most of those deposits that would not be covered by insurance would almost 100% be businesses.
Maybe I am wrong, but I doubt that too many people have USD$250 K or more in a single bank account.
Retirement accounts
U.S. residents
35 and under have an average of $30,170 in retirement savings;
those 35 to 44 have an average $131,950;
those 45 to 54 have an average $254,720;
those 55 to 64 have an average $408,420;
those 65 to 74 have an average $426,070;
and those over 70 have an average $357,920.But would they have those in a bank account? I would think it would be more sense to have to other investments than a bank account. I dont think that is most efficient.
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