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"For the record, I'm a retiree and doing OK. Naturally, I'm in quality stocks, not fixed income."

Most seniors in their 70s and 80s and 90s are in CDs. That was the savings vehicle of their generation.

ALso savers are being punished.....little incentive to save when your checking account gives you 0.02% interest and a passbook account 0.1%, and a 'high yield' checking 1.2%.

Couple that with destruction of housing values....

more than 6 trillion in American 'savings' has been destroyed under Obam in the past 2 years. Half .........

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