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The health status of baby boomers appears lower than that of the previous generation.
Time Deposits
Deposits that earn a fixed interest rate if held for the specified period, which can range from several months to several years; also called certificates of deposit.
Money Market Mutual Funds
Investment funds that invest in short-term debt securities, offering investors a high degree of liquidity and typically low risk.
M1 Money Supply
The measure of the most liquid components of the money supply, including currency in circulation and demand deposits in banks.
Checkable Deposits
Bank deposits that allow the account owner to write checks to third parties; debit cards can also access these deposits and transmit them electronically.
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