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Yet We Never Seem To Have Enough To Cover Everything We Need. Huh
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A study says that consumer checking account balances in the U.S. have doubled at the end of last year from the average over the last 25 years. But it's not that there's more money; it's that people have no place else to put their money where it'll appreciate, not with ultra-low savings interest, and people aren't spending. Here's how things have changed: In 2007, the average checking account was at $788. Last year, it was $4.436. Are you leaving more in your checking account? (Los Angeles Times)
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