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Why Low Interest Rates Hurt Retirees – Penn Today

The Federal Reserve will keep near-zero interest rates ‘til at least 2023. But long-term low returns will lead people to save less for retirement, dip into retirement savings, and start drawing social security benefits earlier than planned, causing problems down the line, says Wharton Prof. Olivia S. Mitchell via Penn Today.

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October 26, 2020   |   News and Media COVID-19, interest rates, retirement, retirement security, social security
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