Remember when we were told to save money for a rainy-day fund or have a nest egg for the times we were unable to work and would be drawing not enough Social Security to live on? Well, now we see what happens. Interest accrued on CDs and money-market accounts is pathetic.
Our kids have homes that we could have only dreamed of living in—all the luxuries—and seniors are the ones who are being punished. Seniors should not have to pay for the credit crunch.
The Feds should not lower interest rates—it ruins CDs and money-market accounts.
Interest on a CD or money-market account might be all that is paying the prescription for a widow or (determine) whether she can pay for utilities.
Why isn’t the AARP speaking up for seniors?
Alice Click, Cottageville