• Ruth
    Steve: Maybe it's more a function of age because, as people near retirement, they are probably at the peak of their cash accrual, getting ready to start using that cash as they enter retirement. My husband and I have more than 100k at a single bank, but we've been much more watchful lately about making sure that we split it into smaller accounts (i.e. a large CD dispersed into 2 or 3 smaller CDs). So maybe you are right that most people don't have accounts with over a 100k in them, but as you get older, it is to be hoped that you have ample cash reserves. It's up to the individual to be vigilant about not letting any one account get over 100k.
  • Curmudgeon
    Three comments, Steve. First, the random problems of daily life won't defeat you. Second, I work at least two jobs simultaneously. It's gotten quite hectic recently, and fairly lucrative. I do work primarily at home, and I slide between professional and personal life pretty easily, so it doesn't appear that any of my employers/clients are getting shortchanged.

    Last, I confess to having more than $100K in a bank cash account (although it's a joint account, so I'm still protected under current rules). It happened accidently over a period of years - NFS bought by Baybank bought by Bank of Boston became BankBoston bought by Fleet bought by BOA, and several different accounts came together to be one (there are more banks at the beginning of the list, but they localize me too much for public consumption).
  • Thanks Curmudgeon - the random problems of daily life won't defeat me, but they do put up a spirited battle with my blogging routine!

    I think working from home would alter my dynamic significantly. My clients (with one exception) have always been exceptionally hard-assed about being on site. It's probably the nature of the beast - working in finance and accounting there are meetings to attend, hardcopy binders to pore over, etc. I think if I worked from home I'd manage both my personal and professional lives much more easily, and with less angst.

    I still think you'd be the exception to benefit from the new FDIC rule! I'd have to find stats, but I'm still willing to bet that doesn't affect a HUGE swath of the population.
  • The bailout is gonna happen but waht happens because of bailout is yet to be seen, I guess it is just a beginning and they will add more money into it as the time goes by, maybe even different industries. Auto industry also needs a bailout...
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