Retirement: Over 21 million people over 50 worse off because of Quantitative Easing

A new report has shown just how hard older generations in the UK have been hit by the economic downturn, and in particular, by the remedies prescribed by the government and the Bank of England. The report commissioned by Saga and carried out by the Centre for Economics and Business Research (CEBR) says that a combination of low interest rates, rising prices and Quantitative Easing (QE) has hit the over 50’s harder than any other group. Lower returns & rising inflation Our ...