Comments on: Increase in FDIC Limits? Who Cares? http://www.myjourneytomillions.com/articles/increase-in-fdic-limits-who-cares/ Elite Personal Finance and Estate Planning Information for Everyone Tue, 09 Mar 2010 20:17:37 +0000 hourly 1 By: My Journey http://www.myjourneytomillions.com/articles/increase-in-fdic-limits-who-cares/comment-page-1/#comment-66 My Journey Fri, 03 Oct 2008 13:39:52 +0000 http://www.myjourneytomillions.com/?p=174#comment-66 Steve, Thanks for the comment (nice blog by the way). 30% of all deposits not being insured is absolutely press worthy, but I don't think most people understand how uneffected they are by the increase in the limit. I guess my point is - the owners of that 30% are probably the top 4% of Americans in terms of wealth...so there is no reason for 70% of Americans to care about the issue (similar to the Estate Tax). Those %s are made up just trying to make a point. Steve,

Thanks for the comment (nice blog by the way). 30% of all deposits not being insured is absolutely press worthy, but I don’t think most people understand how uneffected they are by the increase in the limit.

I guess my point is – the owners of that 30% are probably the top 4% of Americans in terms of wealth…so there is no reason for 70% of Americans to care about the issue (similar to the Estate Tax). Those %s are made up just trying to make a point.

]]> By: Steve http://www.myjourneytomillions.com/articles/increase-in-fdic-limits-who-cares/comment-page-1/#comment-65 Steve Fri, 03 Oct 2008 12:57:36 +0000 http://www.myjourneytomillions.com/?p=174#comment-65 Something like 30% of all bank deposits were not insured with the $100k limit. It may be dumb on the part of individual depositors, but it amounts to several trillion dollars. That seems press-worthy to me. Something like 30% of all bank deposits were not insured with the $100k limit. It may be dumb on the part of individual depositors, but it amounts to several trillion dollars. That seems press-worthy to me.

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