Do banks lure ordinary customers into "investing"?
Do they prey on people with little knowledge of financial terms to harm them financially? What you think?
- 6 months agoFavorite Answer
I think they do. I think they push investment products on people who do not have the surplus "gambling" income to devote to them and who would be far better served financially by safer bank products (and a more frugal lifestyle to go with it). But what do I know. This is just anecdotal on my part.
- conley39Lv 76 months ago
Sometimes they try to
- Wire and StringLv 76 months ago
the opposite, banks are a refuge against the alternatives which are truly predatory, pay day loans and prepaid debit cards.
- Anonymous6 months ago
It happens. 'A fool and his money are soon parted'.