Survey: Americans don't understand interest rates' effect on investments
A surprisingly high number of Americans don't understand the impact of interest rates on their retirement accounts and investment portfolios, according to a recent survey. But the level of comprehension increased with age, to a point.
A surprisingly high number of Americans don't understand the impact of interest rates on their retirement accounts and investment portfolios, according to a recent survey. But the level of comprehension increased with age, to a point.
By Joshua M. Brown, Guest blogger
Shocking but not shocking survey sponsored by Edward Jones asks Americans about the impact of interest rates on their investments and retirement portfolios:
They're learning the hard way right now, it would appear. Just wait until those quarterly statements arrive and detail the losses of their "safe" bond funds.