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91% of people with health savings accounts make this mistake
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cnbc.comThe vast majority of health savings account owners aren't investing their money — and it's likely shortchanging them over the long term.
Just 9% of accountholders were investing a portion of their HSA balance in 2020, according to an Employee Benefit Research Institute study published Thursday. The remainder — 91% — held their full balance in cash.
HSA owners can invest money in mutual funds (one that tracks the S&P 500 stock index, for example) and other options that are generally available to retirement savers.
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The low share of
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