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Originally Posted by OrangeBlossomBaby
It's bad news for rich old people only to the extent that they'll have fewer pieces of gold to fill their coffins with when they're buried.
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Harsh. Maybe they are concerned about needing expensive in-home care when they are older. Or supporting their unemployed adult children. Or something else.
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It's good news for anyone who has debt in any legal institution that charges interest.
It has zero impact on anyone who has neither savings nor debt.
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Not true. Unless your investment portfolio is 100% stocks, bond rates and values are very sensitive to interest rates.