Low interest put savers in a bind

Businessweek
“a one-month Treasury bill has an annualized return averaging just 0.05 percent over the past year. That’s great for the world’s biggest borrower, the U.S. government, but it’s hell on savers. At that rate, an investor in one-month T-bills could double his or her money in—wait for it—1,387 years”

Leave a Reply