pull down to refresh
When I was a kid in the 60s and 70s Savings Banks and other non profit mutuals were the only banks allowed to provide housing mortgages.
Commercial banks were required to only finance purposes which were productive.
The neoliberal deregulation of banking removing those distinctions was a significant factor in the increasing misuse of fiat debt based capital issuance which has caused the price of housing to explode and the ability to save, implode.
Back then in the 60s-70s savings were still seen as safe and secure means of wealth accumulation while investments were seen as applying those savings to risk in order to hopefully achieve a higher rate of return.
Neoliberlai financialisation has completely blurred the distinction between savings and investment.
Americans are waiting to be told what to do.
If there is enough of the general public looking at stocks, they might become primed for different types of news segments which acknowledge the gains being denominated in dollars, the government influence, etc. They could also just get pointed to different stocks, though.
I'm curious, older stackers, did people always refer to their investments as "savings," or is that a recent development?