-According to Time, 33% of the population has no savings.
-According to John de Francis LCC there are roughly 85 million millennials.
-According to marketwatch.com less than half of millennials have $1,000 dollars in savings.
-All banks charge a service fee of roughly $12/month to savings accounts that have roughly less than $1,500 in them. (My bank, if you have a better deal, please let me know lol.)
$12 x 85,000,000 x .66 x .5 = $336,600,000/month check me I may be wrong.
Banks make roughly $4 Billion dollars per year off of millennials this way hahahahahah!
I wish I could come up with a scam like that! lol money for nothing, checks for free.
Check my sources, check my math, suck my dick!!!! I didn't account for credit unions so there's that....
view the rest of the comments →
[–] Rosenkavalier 0 points 7 points 7 points (+7|-0) ago
Credit unions are the obvious answer.I know mine does not charge any service fees like that. If your math is right, that really goes to show how easy it is to be woefully ignorant.