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Falling Rates Aid Debtors, but Hamper Savers
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http://www.nytimes.com/2010/09/09/business/economy/09rates.html?partner=rss&emc=rsshttp://www.nytimes.com/2010/09/09/business/economy/09rates.htmlWilliam D’Alessandro is 62 and wants to retire, but fears savings can’t support him with interest rates slipping toward zero.Cheryl Senter for The New York TimesThose who live off their savings and investments are hit hard by falling interest rates, as corporations borrow cheaply and sit on the cash.