More banks should have suitable accounts, he thinks, and suggests that parents look for ones that do. We strongly encourage financial institutions to promote savings by young people, ... It's important to learn savings.
More Quotes from Stephen Brobeck:
It prevents credit unions from extending their services to small employee groups.Stephen Brobeck
On some small accounts, the fees are so high and the interest is so low that the savings dwindle rather than accumulate.
Stephen Brobeck
It's discouraging. What we see is little change in the assets of the typical American household between 2001 and 2004, after substantial increases in the previous six years.
Stephen Brobeck
If you ask for understanding and relief from credit card companies and mortgage companies, the cash you raise will go farther,
Stephen Brobeck
We recommend that consumers shift their funds from traditional savings to CDs and from banks to credit unions. If everyone did so they would earn about 40 billion more in interest annually. That's an average of about 400 per household.
Stephen Brobeck
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