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Which Was Worse For Savers? 1930s Or 2010s

Tuesday, October 11, 2011 - 6:04 AM
It was definitely worse for those in the early 30's who had their savings in one of the banks that failed. That was before the FDIC. However, how about deposit account rates? Money-rates blog has an interesting look at the interest rate environment in the 1930's and compares it with today's. The comparison uses Treasury yields and inflation data since there's not much history of deposit account rates. When you look at yields and inflation, today is worse for savers.
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
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