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Are High-Yield Savings Accounts Still Outpacing Inflation?
Some savings accounts give you the ability to outpace inflation, lessening its impact on your finances.
Inflation continues to take significant bites out of household budgets. July inflation sits at 2.7%, the same as June's.
Food prices remain expensive, as beef prices have hit an all-time high, per Newsweek. And cumulative inflation shows the real impact consumers continue to face. Bankrate found prices are over 24% higher than they were in February 2020.
If you're feeling inflation's squeeze on your finances, you're far from alone. Thankfully, there are ways of cushioning your finances against inflation, and one of the best ways to achieve this is by placing your money in high-yield savings accounts.
Here the discussant demonstrates the arena that are high yield savings accounts still outpacing inflation? So, lets dive in..
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