Sunday, 18 April 2010
On being "poor" in the new economy
At the same time I discover that the interest rate on the balances in my deposit account is now 0.1% p.a. - that's a total of $0.08/month (not even 10c!) pittance interest for every $1,000 I have with the bank.
I'm bleeding money.
Someone told me that the compounded inflation rate is 12% for the past three years.
At the same time I discover that the interest rate on the balances in my deposit account is now 0.1% p.a. - that's a total of $0.08/month (not even 10c!) pittance interest for every $1,000 I have with the bank.
I'm bleeding money.
posted by redshot on 18.4.10
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