The extraordinarily low interest rates in place today are a boon when you're buying a house, refinancing a mortgage, leasing a car or paying off student debt. If you qualify for a loan, low rates can help you spend less and get more.
But there is a dark side to falling interest rates. While they are helpful for qualified borrowers - and have contributed to tremendous returns for people who have held bonds for many years - they are terrible for savers.
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