How many Americans have $10,000 in savings?
Holding $100,000 strictly in uninvested cash or high-yield liquid deposit accounts is characteristic of a relatively small segment of conservative savers, high-net-worth individuals, or those preparing for a major impending purchase like real estate. Because inflation continuously erodes the purchasing power of idle cash, most financially advisors discourage keeping such massive sums purely in cash, recommending instead that excess capital be deployed into diversified investment portfolios, equities, real estate, or retirement vehicles to outpace long-term inflation trends.
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