ilmscore | Prediction Details
"if you were able to get a standard 3% return over the last 5 years on your money well that means that your million dollars over the last 5 years would have grown to $11.15 million or to keep apples to apples that would have meant if you had $100 in the high interest savings account earning you 3% a year... your $100 would only grow to around $115 so you still lost value"
By Minority Mindset | June 20, 2024 | Pending
From video
7 Money Habits Keeping You Poor 00:09:46 - 00:10:14
Interpreted Prediction
Even with a hypothetical consistent 3% annual return on savings over the last 5 years, a $100 deposit would only grow to $115, representing a loss in real value due to inflation.

Prediction Details

Topic
High Interest Savings Account Return vs. Inflation

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