ilmscore | Savings Account Interest Rate vs. Inflation Predictions
Sav

Savings Account Interest Rate vs. Inflation

Topic
N/A
Accuracy

Recent Predictions

Total: 2
Correct: 0
Incorrect: 0
Pending: 2
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Savings account interest rate (0.6%) is significantly lower than the average inflation rate (2.4%) at the time of recording, meaning savings are losing purchasing power.
"The average interest rate on a savings account in America at the time of recording this video is 0.6..."
Minority Mindset Minority Mindse...
Jun 19, 2025
Pending
The Middle-Class Tra...
After one year, a $100 deposit in a savings account earning 0.6% interest would grow to $100.60, while the cost of the same groceries would increase to $102.40 due to 2.4% inflation, resulting in a net loss of purchasing power.
"So now let's do some basic math. Let's assume that a cart of your basic groceries today costs $100. ..."
Minority Mindset Minority Mindse...
Jun 19, 2025
Pending
The Middle-Class Tra...