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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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