With inflation working larger than the rates of interest offered by most banks, money accounts can quickly lose worth. What does that imply for emergency financial savings funds? Brooke Masters, the FT’s US monetary editor, speaks to investing columnist Moira O’Neill, and Georgia Lee Hussey, founding father of wealth administration firm Modernist Monetary, about how a lot financial savings to have in money and the place to maintain it – each within the UK and the US.
Need extra?
Sustain with the newest from Brooke on FT.com and comply with her on Twitter @brookeamasters
https://www.ft.com/brooke-masters?segmentId=09d1c097-c0ef-7dd1-2d95-bfc6eb43e74e
Take a look at Moira’a modern column right here
For extra from Georgia, try the Modernist Monetary website
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Offered by Claer Barrett. Produced by Persis Love. Our govt producer is Manuela Saragosa. Sound design is by Jake Fielding and Breen Turner, with unique music from Metaphor Music.