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Investors: Low Rates Useful, Debt Acceptable, SSI Benefits are Unlikely

Tuesday, September 15, 2015

Low interest rates are typically thought of as advantageous to borrowers but not so good, perhaps even harmful to investors.  The Wells Fargo/Gallup third quarter Investor and Retirement Optimism Index survey however found that investors can benefit from low rates and indeed have done so in recent years. 

The survey was conducted in August among 1,006 U.S. investors, both retired (with a median age of 70) and non-retired (median age 45).  A majority of respondents (58 percent) indicated they have taken advantage of low rates over the previous two years.  Thirty percent have taken out a car loan, 17 percent a home finance loan, and 16 percent a mortgage for a new home.  Smaller numbers have taken out a student loan for themselves or a family member (9 percent) or some other type of loan (10 percent.)  Further, half of those surveyed said they are somewhat or very likely to take out a loan in the near future in anticipation of rising rates.



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