Summary
MANY readers will share my childhood memories of piggy banks and those stiff-backed books which recorded our first savings, filled in by bank clerks using ink pots. We were taught thrift was a virtue, rewarded by interest.
With daily headlines of financial crisis and mounting job losses, small savers feel drowned out in the noise.See the full content of this document
Extract
Let's Make a Virtue Out of Thrift Again
I receive many letters expressing bitterness that a lifetime's savings no longer produce any income and that private pensions and investments have been greatly devalued by the collapse in share prices.
The average rate on new e...See the full content of this document
Sponsored links
