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Thank Helen Smith for your low rate car loan, not Big Ben.
MGLICKER
Posts: 7,995 ✭✭✭
Helen is a real life friend of mine. Name has been changed though.
Helen is 75 and in very good health. She worked for a moderate income most of her adult life and still is employed part time.
Helen has $200,000 in the bank which along with her paid for home, is pretty much everything.
Her savings return a bit under 1% a year. Before the fed slashed rates to zero, her return was about 4%. Since late 2008, I figure that she has been hosed out of $6000 a year times 5 years or $30,000.
Oh sure, we can look back and say that she should have timed this stock market and jumped in. For that matter, she could have bought gold at $1800 and lost a third of her wealth.
A great disservice continues to be done by this administration and his puppets.
Helen is 75 and in very good health. She worked for a moderate income most of her adult life and still is employed part time.
Helen has $200,000 in the bank which along with her paid for home, is pretty much everything.
Her savings return a bit under 1% a year. Before the fed slashed rates to zero, her return was about 4%. Since late 2008, I figure that she has been hosed out of $6000 a year times 5 years or $30,000.
Oh sure, we can look back and say that she should have timed this stock market and jumped in. For that matter, she could have bought gold at $1800 and lost a third of her wealth.
A great disservice continues to be done by this administration and his puppets.
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