Focus on the Micro, Not the Macro: Ask Noah
The whole thing scared me and made me nervous.
I am already concerned about this bad economy and whether my job is secure -- do I now have to worry if the money I have earned throughout my life is in safe keeping at my bank?
A: First of all, Congress created an independent agency in the early 1930s called the Federal Deposit Insurance Corp., which guarantees consumer bank and brokerage account deposits.
- How are we going to pay our daily/monthly bills?
- Will we ever save enough to retire?
- How on earth will we ever be able to afford our child's college tuition?
- In this new economy, in this new age, do we have what it takes to not only keep our job but excel at it?
Get Micro, Not Macro!
- Your hard earned deposits are safe
- Focus on your own personal finances
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