The year 2008 was a turning point in the lives of many, mostly for one reason: there was a dramatic crisis of confidence in our credit market combined with a process called ”deleveraging” which meant companies were no longer borrowing to invest. Since 2008, a worldwide economic slowdown has had a negative effect globally. This has created a challenge for our government and especially for Federal Reserve Chairman Bernanke, whose job it is to find ways to stimulate the economy and get it back on track.

We are now living in a low interest rate environment, primarily a result of the Federal Reserve Board’s (commonly called “the Fed”) decision to keep interest rates low in order to stimulate business and, of course, the general economy.  So is this a good thing or a bad thing for seniors? As in most things in life, it depends on your point of view. Continue reading →