British savers have missed out on at least £90 billion by keeping money in savings accounts rather than investing in shares, a leading think tank has said.
The Social Market Foundation has warned that low rates and rising inflation means that savers are losing money by keeping it in cash accounts.
Its report, entitled “Saving Better”, warns that risk-averse savers could be devaluing their own money by trying to keep it safe in low-risk bank accounts instead of investing in the stock market.
Not that the professor of practice will agree.
However, it is risk adjusted return that we’re supposed to consider, isn’t it?