The average interest rates on savings account today compared to inflation shows that inflation is higher.
How are savings interest rates and inflation related?
The current interest rates on savings accounts in the U.S. on average is about 0.08%.
Inflation on the other hand, is 9.1%. This shows that inflation massively outstrips the average savings interest rates.
Find out more on inflation rates at https://brainly.com/question/9209792
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