“who cares?”
If the bank pays 4% and the stores raise prices by 6%, savers lose 2% a year.
Since anyone can create money by swiping or tapping a little piece of plastic, I would bet money that “savers” are going to get screwed, both short and long term.
There is only one asset that beats the rate of inflation over long periods of time.
“If the bank pays 4% and the stores raise prices by 6%, savers lose 2% a year.”
Same as the rest of my 50 years of adult life. I need to make more money to outrun inflation. Fortunately, that’s doable.
Its worse than that. You have to pay taxes on that 4%.