Low interest rates have cost savers roughly half a trillion dollars

Apr 10, 2019
HTML EMBED:
COPY
Justin Sullivan/Getty Images

Low interest rates have cost savers roughly half a trillion dollars

Apr 10, 2019
Justin Sullivan/Getty Images
HTML EMBED:
COPY

Historically low rates of interest have helped the U.S. economy recover from the Great Recession. But there have been casualties. Savers — and the wider economy — have lost interest income from deposits and investments that could total $500 billion. This probably hurt those who are retired, or on a fixed income, the most.

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.