Low interest rates have cost savers roughly half a trillion dollars
Share Now on:
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.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?