Anonymous asked in Entertainment & MusicPolls & Surveys · 6 months ago

Do banks lure ordinary customers into "investing"?

Do they prey on people with little knowledge of financial terms to harm them financially? What you think?

4 Answers

  • 6 months ago
    Favorite Answer

    I think they do. I think they push investment products on people who do not have the surplus "gambling" income to devote to them and who would be far better served financially by safer bank products (and a more frugal lifestyle to go with it). But what do I know. This is just anecdotal on my part.

  • 6 months ago

    Sometimes they try to

  • 6 months ago

    the opposite, banks are a refuge against the alternatives which are truly predatory, pay day loans and prepaid debit cards.

  • Anonymous
    6 months ago

    It happens. 'A fool and his money are soon parted'.

Still have questions? Get answers by asking now.