Many of the elderly were frugal and planned their retirement years based on historic 5-7% return on CD's and Bonds. Bungling Ben's QE circus has dealt hardship to millions of seniors who never dreamed their next eggs would draw and underwhelming 0-1.5%
“”Many of the elderly were frugal and planned their retirement years based on historic 5-7% return on CD’s and Bonds. Bungling Ben’s QE circus has dealt hardship to millions of seniors who never dreamed their next eggs would draw and underwhelming 0-1.5% “”
Yep! We received a letter from our banker yesterday that has had my husband upset about rising interest rates and what is expected to happen to the bond market in that case. He just got out of the hospital and that wasn’t news he wanted to meet head on just yet. Unfortunately, he’s been the one to handle all the investments and understands them and I’m not ready to get educated in what it all means but looks as if I’ll have to learn!
The law of unintended consequences in this case will be to teach the American people to save even less than they do now.
If the value of your money is going to be stolen, you might as well enjoy it or put it into better stores of value.