RE: Friday Finance 10/15/2021: NFTs, Trading, and Generational Wealth

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I totally believe that belief that money is "safer" in the bank is totally a generational thing. I remember back when I was a child in the 70's you could earn 6% interest in a savings account. Our parents' generation remember those "good old days" even though you earn much less with that strategy now. My grandparents generation suffered through the Depression and I remember them being weary of putting money in banks because they knew people, likely older relatives, who lost everything during the run on banks. My family found tens of thousands of dollars in cash stashed away in my great uncle's attic when he passed away in the early 1980's. That was his life savings and even though his bank was FDIC insured (for whatever that's worth) and would have earned 4-6% interested he trusted his attic more than his bank. What we learn about money tends to stay with us even if the environment shifts. I'll probably still be buying $hit coins when I'm 70. Lol.



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I'll probably still be buying $hit coins when I'm 70. Lol.

Haha! You and me both! I agree, it can be had for people to adapt. I am likely in that category in many respects!

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