For retirees already on a fixed income, what effects has the recession caused?
Paradoxically, one of the main problems for those already retired is the result of monetary policies pursued to help stimulate the economy. These steps have been necessary, and it may be that even more aggressive measures will be necessary in the future. Nonetheless, they have resulted in record-low interest rates, which, in turn, have depressed the incomes of many of those living on fixed incomes.