Se­niors suf­fer­ing

The Expositor (Brantford) - - OPINION -

The num­ber of se­niors us­ing food banks is up. In my view, this is due to the Bank of Canada and other cen­tral banks driv­ing in­ter­est rates to record lows. The reck­less pol­icy has led se­niors to spend their prin­ci­pal sav­ings be­cause there’s no in­ter­est in­come. Any­one crit­i­ciz­ing se­niors for not sav­ing enough is off the mark. Ul­tra cheap money has al­lowed for spend­thrift gov­ern­ments and as­set bub­bles to be blown ev­ery­where, all on the backs of savers. Bill Klomps, Bay­field, Ont.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.