But one can't live off the interest any more because we've manipulated the system to close to zero interest rates. To be able to earn 20k, single person surviva

But one can't live off the interest any more because we've manipulated the system to close to zero interest rates. To be able to earn 20k, single person survival income, that individual needs $1M in savings. Times from our grandparents times have changed. The problem is very clear. Higher interest rates boost savers, at the expense of risk takers (some good, some bad). Instead, we've goosed the economy for so long with low interest rates that savers got bit by inflation and speculation has become a way of life.