Behavioural Science

 “The Safety Scam (And How I Fell For It)”

Banks sell savings accounts like they’re impenetrable vaults—safe, reliable, “risk-free.” Meanwhile, inflation chews through 2-4% of your money’s value every year. I didn’t believe it until I did the math: my “safe”10,000fromfiveyearsagonowbuyswhat10,000fromfiveyearsagonowbuyswhat8,500 used to. That’s not security—that’s slow-motion robbery. The rich don’t play this game. They know cash is...

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