Ask the Bitches Pandemic Lightning Round: “Is It Safe To Keep My Money in the Bank?”

Welcome to the Ask the Bitches Pandemic Lightning Round! We’re working around the clock to answer your questions about coronavirus, the impact of quarantine, and the recession of 2020.

Today, we meditate upon the subject of social trust. How safe is it to keep relying on our usual systems and financial institutions?

Of course by “meditate” I mean watch YouTube clips of It’s a Wonderful Life.

We’ll be coming at you fast this week, answering as many urgent questions as we can. If you appreciate the extra effort, we would love a small donation on our Patreon. Thank you!

The question

“I’m worried the coronavirus will cause enough economic fuckery that it will trigger a massive recession and banks will close due to not having workers. Is it worth it to remove the money in my account? It’s only $400, but it’s all the money I have.”

If all you have is $400, that’s not much to lose. It likely means this question asker is riding very close to insolvency and truly can’t afford to lose that $400 buffer. So I don’t blame them for freaking out!

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