Posts Tagged ‘retirees’

  • QE3 and the Baby Boomers

    Sep 14, 12 • 104 Views • Businesses, Economic Debates, Economic History, Financial Markets, Gender gap, Households, Money and Monetary Policy, Thinking Economically, UncategorizedNo Comments

    At the beginning of yesterday’s QE3 press conference, Fed Chairman Ben Bernanke referred to the plight of savers. Similarly, during an August “Conversation With the Chairman,” Dr. Bernanke was asked, “What about the savers?” Both...

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    Savers or Borrowers?

    Apr 5, 11 • 140 Views • Businesses, Economic Debates, Financial Markets, Government, Households, Money and Monetary Policy, Thinking EconomicallyNo Comments

    In 1987, a $100 savings account would have earned close to $9 in interest. In 2005, $3.75 or so. Now, maybe 47 cents? The WSJ, had a good article describing how savers are suffering. The retirees who expected to depend on interest income until they died have...