why do so many Americans not even have at least 10 k in their checking out?
if I had less than 10 k in my account, I would feel paranoid about my financial situation
I never mentioned anything about minors
- Anonymous7 months agoFavorite Answer
Us American folk pay out our @$$ for
basic thing's such as food & rent which
is sadly why so many ar brok or evn
- xyzzyLv 77 months ago
10k is a lot for a checking account. Checking account usually do not pay interest or if they do only a tiny amount. It is better to keep the bulk of ones funds in other instruments such as CDs or money market funds where you get a higher rate of return.
- babyboomer1001Lv 77 months ago
You aren't too bright are you? Keeping $10k or more in a checking account would be STUPID. With ZERO interest in checking accounts, only a moron would keep that much in a checking account. I wouldn't even keep that much in a savings account, due to the pathetically low interest rates. Most Americans are not stupid enough to keep that much in a checking account. Sorry that you feel differently but, I expect your balance tells it all.
- MjLv 57 months ago
Fiat currency is overdue for collapse anyway. Buy a .22 and feed the birds and squirrels in your yard. You are going to need them soon.
- How do you think about the answers? You can sign in to vote the answer.
- Aster RhoidsLv 77 months ago
How do you expect minors to possess a bank account. Edit: You are not being specific by saying "so many Americans".