Low Interest Rates Help Some And Hurt Others

Right now interest rates are so low that it is hard to make any meaningful money through interest. This affects all the people who count on interest income for part or all of their expenses. Typically, this would be older people and retired people who are investing their money conservatively in case they need it. These folks count on higher interest rates on CDs than we have now to provide them with the income they need. Although low interest rates are good for people going into debt and making big purchases, this low rate hurts a big segment of our population.