Rik's Ramblings

Wednesday, October 01, 2008

Increasing FDIC insurance ... why!?

$100k FDIC insurance is where we're at. They want to increase that to $250k, which is great. But given that the US population doesn't actually have any savings, what's it going to actually help with?

According to several surveys, Americans save only about $400/year, while the average american has a credit card balance of $16000


http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php

http://www.doctorhousingbubble.com/american-savings-americans-save-an-average-of-392-per-year-total-consumer-debt-is-over-25-trillion-the-dark-knight-of-debt/

1 Comments:

  • Great Post! I’ve never really thought about freelance blogging, but it definitely sounds like something to think about good subject. The reason why this issue of Builder risk insurance needing to be insured is becoming such a hot topic lately is because so many are now just sitting available on the industry due to the lack of activity in many areas.

    By Blogger Khorshed Alam, at 4/12/14, 5:34 AM  

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