Is your savings account losing money? It buys $6,100

Ben keeps $10,000 in a savings account paying 0.5% while prices rise 3% a year. After 20 years the statement says about $11,000, but it buys what about $6,100 buys today. Here's the quiet loss, animated. Try your own numbers: https://moneydrawn-site.moneydrawn.wo... 0:00 The quiet loss 0:14 Two savers 0:35 What prices do 1:02 Year one 1:21 The gap 1:46 Ava's version 2:05 Check yours 2:32 The takeaway 2:45 Your version Assumptions: $10,000 at 0.5% a year, prices rise 3% a year, 20 years, compounded yearly; Ava's money earns 3% a year. Real-world rates and inflation vary. Educational content, not financial advice. Returns are an assumption, not a prediction. #inflation #savings #personalfinance