[grania]

Just sayin'.....lots of folks on fixed incomes and/or relying on savings to balance their budgets have cut down on spending to compensate for 0% interest rates. And this year, no COLA for seniors but Medicare Part B went up.

Savers have to get interest on safe savings. If they don't almost no one in the future will be able to prepare for retirement.. It's one of those things that was put in place after the Depression to get the economy working again.

[fortheDeclaration]

Keynesian economics hates saving, it thinks the nation grows on consumer spending.

[kearnyirish2]

Contrast that to the higher rates people will be paying on adjustable-rate mortgages and credit card debt; I don’t expect any meaningful rate hike for years. They may inch up, but a lot will fall apart with real increases.

[Alberta's Child]

The whole idea of paying interest to a lender makes no sense if the economy is not growing. That’s true regardless of whether the lender is a bank underwriting a mortgage or a customer depositing money in a savings account.