No doubt. Especially with the rate of inflation so far outpacing what can be earned from savings, you end up losing value.With intrest rates as low as they have been last the 20 odd years, there is very little money to made by loaning it out! We have been retired a little over 20 years and have not been able to make anything on CD's, all that time. It seems to me, this would have to be a factor in this problem?
We don't rely on anything that could be earned from savings. We keep a small cash reserve on hand and invest in tangible things. We don't consider money as being tangible. It looses value faster than - well - eh - nothing seems to lose value anywhere near as fast as money except maybe a dip in the stock market.
Huh. I might be right for once in my life.
Woody