With VIX declining to 14.8, saving vs investing tilts toward equities in low-volatility environments. Historical data shows better Sharpe ratios for diversified stock portfolios than for pure cash savings. Ramsey also took aim at car leases, which he calls “fleeces.” According to him, the average lease carries an effective interest rate of 14.2%. “The most expensive way to finance a vehicle,” he said, while calling out luxury brands like Mercedes and BMW for pushing leases on customers. Another central feature of the Recommendation is facilitated tax compliance. The Recommendation encourages Member States to establish frameworks that enable SIA providers to collect and withhold tax on behalf of account holders and/or share all relevant data with tax authorities. This data could be used to pre-fill tax returns, thereby reducing the administrative burden on investors. Importantly, cross-border providers must be able to offer these services on equal terms with domestic providers, supporting the goal of establishing a single market for SIAs. Saving vs investing has shifted focus to dividend yield stocks, with utilities averaging 4.8% and outperforming many savings products. Market forecasts suggest stable payout growth through year-end.