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04-01-2022, 04:44 PM
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Sage
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Join Date: Feb 2015
Location: Wherever I happen to be.
Posts: 7,739
Thanks: 3,621
Thanked 11,269 Times in 3,584 Posts
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Quote:
Originally Posted by retiredguy123
The people hurt most by inflation and low interest rates are those with substantial savings and invested assets. Not only is your purchasing power affected, but your entire portfolio loses value. At least in the 1970's and 1980's, you got a decent return on fixed income investments, like money market accounts and CDs. I hope that interest rates will soon increase to correct this situation. Currently, savers are being severely punished.
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Very well said
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The Following User Says Thank You to tophcfa For This Useful Post:
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