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Estimated Cost Of Fed Policy Reaches $635 Billion And Counting (Infographic)

Thursday, May 23, 2013 - 7:17 AM
From MoneyRates:
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 analysis that examines how much today's low deposit rates may be costing American savers.

This new figure pushes the running four-year estimate of lost purchasing power to $635 billion.

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The article points out that $635 billion exceeds the combined annual GDP of Denmark, Luxembourg and Ireland.
pearlbrownpearlbrown1,472 posts since
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