NY Times: Falling Rates Aid Debtors, Hamper Savers

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It’s the whole point of low rates, to entice borrowing and discourage saving, but it means a massive wealth transfer from savers to borrowers.

– Greg McBride, Senior Financial Analyst, Bankrate.com

All our clients are struggling with this.  It has never been as bad.

– Cary Carbonaro, Financial Planner, New York City/Long Island

Quoted in “Falling Rates Aid Debtors, But Hamper Savers”, Graham Bowley, The New York Times, September 9, A1

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