As a result of today's unusually low interest rates, U.S. depositors may have lost more than $120 billion in purchasing power in the last year. That's the finding of a new MoneyRates.com analysis that examines how much today's low deposit rates may be costing American savers. Read more
This new figure pushes the running four-year estimate of lost purchasing power to $635 billion.
The article points out that $635 billion exceeds the combined annual GDP of Denmark, Luxembourg and Ireland.