When it comes to savings, investing, or savings for retirement, people have 3 major places to invest. The most popular is the bank. The 2nd most popular are Mutual Funds/Stock Market, and the 3rd and least known to the public are Insurance companies.

The Banks

Most working families get their financial services information from the banks, who in turn sell them low fixed rates products. Experts agree that corporate banking greed and risk was primarily responsible for the financial collapse of 2008-09 and instability. Banks continue to look for risky means to "increase profits," including high interest credit cards, excessive bank fees, reduced services, and more.

Mutual Funds

The affluent primarily receive their financial services advice and information from Wall Street and paid financial advisors. The 401k's of most working families are automatically invested in Mutual Funds