Savings in dollars ended in 1970. People were still investing in CDs back then and the dollar value of their investments went up, but then they were charged for capitol gains on the increase (which did not keep up with inflation). That is the biggest scam of all time. Taxing a nominal gain while the intrinsic value had never gone up.
If I had saved the 20k in cash, I would have lost almost $3,000 in purchasing power during the year. Holding cash is the worst investment.
Cash is my wife's favorite investment. !LOL
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