Is Putting Money in a Shoebox the Best Way to Save for Retirement?

Is Putting Money in a Shoebox the Best Way to Save for Retirement?
Although most people do not keep large amounts of money in their homes, some still do. Shutterstock
Mike Valles
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There was a time when people would regularly save money at home. Although most people do not keep large amounts of money in their homes in a shoebox, some still do. It is most likely to be seniors who either lived through the Great Depression or had parents who did.

Many banks collapsed during the depression, and people knew that they did. It quickly caused people to distrust banks or similar financial institutions. Those who lived during that time started hiding money at home, hoping others in their household would not find it.

Mike Valles
Mike Valles
Author
Mike Valles has been a freelance writer for many years and focuses on personal finance articles. He writes articles and blog posts for companies and lenders of all sizes and seeks to provide quality information that is up-to-date and easy to understand.