Home » Business » Withdrawing Savings and Investing: Navigating the Economic and Social Crisis in Italy

Withdrawing Savings and Investing: Navigating the Economic and Social Crisis in Italy

There is a balance sheet already in place: it is better to withdraw savings and invest them (web) – www.themagazinetech.com

We are living in a truly nefarious period due to the rampant economic and social crisis which has now lasted for a long, indeed, a very long time.

It is from the pandemic of Covid 19 that this very tragic situation continues. And this has increased due to the conflict Between Russia and Ukraine. I prices of goods and services arrived at Job. And the Italians are no longer able to make ends meet. THE fuels, lately, they have seen their cost rise again.

The bills, after a slight decrease, they are returning to record very high costs. And of basic necessities they are becoming luxury goods, indeed, some have already become so. This exasperating situation is causing the Italians are forced to perform numerous and continuous withdrawals their savings stored in current accounts.

As if that weren’t enough, the‘inflation is skyrocketing and, in concert with the low interest rates on current accounts, it is making sure that the latter are impoverished. And it must be said that there is no way out at all. Also, there is it spectrum of a patrimonial. Yes, a bit like the one that was experienced passively by the Italians in 1992.

The then Government Beloved worked a forced withdrawal on current accounts of Italians by 0.6%. It was truly a night of fire and tears for everyone. And the reason was the consolidation of the public debt and the smoothing out of inflation. But this time, one property would have deleterious effects. You must know, however, that it is already in place and for this reason, we advise you to withdraw all yours pennies.

Current accounts are targeted in this period of crisis: it is better to withdraw everything.

Yes, you understood very well. They are targeted, but not by any particular entity. They are not targeted by the government. This time the enemy is invisible and is very, very sneaky. As we mentioned earlier, the interest rates applied to current accounts are really low. we can say that they are at historic lows.

There is a balance sheet already in place: it is better to withdraw savings and invest them (web) – www.themagazinetech.com

While the percentage rate of inflation medium is alto and a new one awaits rise until the end of the year. This entails, together with the continuous withdrawals, a depletion of savings in current accounts. In practice, a real invisible patrimonial is taking place. We are in the order of 0.56% on a monthly basis. A similar percentage to the 0.6% of 1992.

Only that, at that juncture, the forced withdrawal fu only one, while this is on a monthly basis. A real drain for all Italian savers who would do better to withdraw all their money from current accounts and invest them in shares and Btp. In short, they should invest them in products that also offer earnings such as i deposit current accounts.

Continue Reading

2023-08-13 18:01:01
#Bancomat #run #withdraw #immediately #longer #wait #worse #current #account #Magazine #Tech

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.