Archive for August 24th, 2007

Friday, August 24th, 2007

FDIC Only Insures $44,530.80 Not $100,000 As You Might Think

I know what you’re thinking. “Rich you idiot, FDIC insures $100,000 and not $44,530.80. Have you gone nuts?” No, I haven’t gone nuts, while FDIC does technically insure $100,000 per depositor, the real purchasing power of 100k has eroded since 1980 down to $44,530 in today’s 2007 inflation adjusted dollars. Does this surprise you? Ever […]

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