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Do low interest rates benefit savers? For example, senior citizens trying to live off the interest earned from their savings?
by jes 12y ago
Do low interest rates benefit savers? For example, senior citizens trying to live off the interest earned from their savings?
- refurb 12y agoIn the short-term it certainly benefits consumers who are using debt to finance their consumption (e.g. houses, cars). In the long run (at least for the housing market) the benefit goes away as housing prices adjust to reflect lower borrowing costs.