05.15.23 BANKS: How Safe Is Your Money? / Inflation: The Prom Price Index

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 15 May 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

With bank failures eroding public confidence, Clark has an update on how to protect money beyond the FDIC insurance limit. Also today, inflation’s effect on proms and weddings, and ways to stretch your dollars for special events. FDIC Insurance: Segment 1 Ask Clark: Segment 2 Special Event Costs: Segment 3 Ask Clark: Segment 4 Mentioned on the show Nearly half of Americans are nervous about their money in the bank, Gallup survey finds Get Peace of Mind for Large Cash Balances with ICS & CDARS Are Money Market Funds a Safe Place To Stash My Savings? Donor-Advised Funds: The Benefits and Drawbacks How to Set up a Backdoor Roth IRA Clark.com - How To Sell A Car Prom price index shows cost of celebration is getting relatively cheaper – even at a time of high inflation Clark Howard's Guide to Saving Money on Your Wedding The Long Demise of the Stretch Limousine Turning 26: Health Insurance Guide for Those Aging Off Their Parents’ Plan How To Store Your Important Financial Documents Online How to Make a Disposable Razor Last 12 Months Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Crypto doesn't sleep, so neither do we.
0:04.0	Crack-and-client support is available 24-7, 365 days a year by call, chat, or email.
0:11.0	We're here for you whenever you need us.
0:14.0	Give us a shout at crackin.com forward slash support proof, not investment advice.
0:19.0	Crypto trading involves risk of loss.
0:22.0	It's my pleasure to welcome you to the Clark Howard Show, where our mission is to serve you and empower you.
0:33.0	You might better financial decisions in your life.
0:37.0	Unfortunately, I've had to talk a lot about FDIC insurance lately.
0:42.0	And with more banks failing and people losing confidence in banks,
0:49.0	I've got to give you an update on where we are with how you protect your money.
0:55.0	And later, what do prams have to do with inflation?
1:00.0	Well, actually, there's some good news on that front.
1:05.0	So let's talk banks.
1:07.0	Roughly half of Americans in surveys are to put it not in proper terms.
1:14.0	They're freaked out.
1:16.0	People are showing a lot of anxiety about their money in the bank, according to Gallup.
1:22.0	Just under half of Americans are like, oh no, my money.
1:26.0	Is it going to vanish?
1:28.0	Before you go, we draw your money.
1:31.0	Dig a hole in your backyard and bury it in it.
1:34.0	Or as people used to do long ago, put it in their mattress.
1:39.0	Don't recommend those things.
	...

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