Savings

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Savings refers to money (fiat currency) that is set aside in either a savings account or Certificate of deposit or stored at home in a safe or other secure location for future use including retirement. Currently in America the rate of savings is very low since the interest rates are very low (see Quantitative easing and monetary policy and due to inflation (see Consumer Price Index). Because of this, many people choose to invest in tangibles rather than savings in currency.


See Also


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Contrast with: