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High Interest Rates Are an Opportunity for Education

Teaching kids to save is hard when saving doesn’t pay.
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High Interest Rates Are an Opportunity for Education
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Peter Jacobsen
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Commentary
For most of my adolescence, interest rates were near zero. In fact, even certificates of deposit (CDs), which boast higher interest rates than typical savings accounts, were generating returns below 1 percent. This was an anomaly. For most of recent history (especially the end of the 20th century), interest rates were much higher.
Peter Jacobsen
Peter Jacobsen
Author
Peter Jacobsen is a writing fellow at the Foundation for Economic Education (FEE). He teaches economics and holds the positions of assistant professor of economics at Ottawa University and Gwartney Professor of Economic Education and Research at the Gwartney Institute. He received his graduate education at George Mason University.