The Downside of Lower Interest Rates

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Every silver lining has its cloud, apparently. For many people, one saving grace of the current economic slump is the fact that interest rates have come down. A Gallup poll reminds us, though, that a decline in rates is not an unmixed blessing.

Eight percent of adults said lower rates help them “a lot” and 27 percent said these rates help them “a little.” But a significant number said lower rates hurt them either a little (14 percent) or a lot (6 percent).

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