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Low interest, bond yields 'punishing' for retirees

US retirement savings now need to be four times what was required 40 years ago to generate the same level of investment income: S&P

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Growth in Britain's dominant services sector slowed slightly in December, suggesting the economy expanded only modestly in the last three months of the year, according to a survey published on Wednesday.

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LOW global interest rates are crippling baby-boomer retirees who are now at risk from underperforming bond and equity markets.

Despite the rise in US Federal Reserve rates to 0.25 per cent, saving rates and 10-year Treasury bond yields at 2.2 per cent are still punitively