Published on Aug. 19, 2020
The 2020 Retirees’ Dilemma: Low Yields, Low Income
We live in a world of rock-bottom interest rates.
During and after the 2008 Global Financial Crisis, central banks around the world lowered interest rates to the zero bound, in an effort to get the economy moving again. In the decade that followed, the global economy grew, but not at a pace that allowed central banks to push interest rates materially higher. Going into 2020, interest rates were still relatively low compared to the needs of many retirees to generate meaningful, low-risk income.
Then Covid-19 happened.
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