If you have under $250,000 in a federal deposit insurance corporation insured bank, you're fine. Most savings accounts in traditional banks aren't paying a lot of interest. It could be a good time to think about other options to keep your cash liquid but still earn more of a return.
There’s a whole lot happening in the economy that’s impacting your wallet. Inflation is slowing down, but it’s still high. Layoffs have rocked every industry. And rent prices keep surging. Is it a good time to quit your job–or ask for a raise? Should you buy a house (if you can find one)? And which investments are safe when markets are all over the place?
Bloomberg personal finance journalists Claire Ballentine and Craig Giammona join this episode to share advice about what to do with your money in volatile times.
Read more: What to Do With Your Money—and Your Life—in a Wild New World
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