In the 10-year time frame ending Sept 30, 2009, this chart shows how the U.S. stock indices (and your money in them) performed - not a pretty picture. Your "certified" financial planner has probably told you that over a decade stocks increase 12% on average. Now you know what kind of advise you have been getting.By keeping the interest rate low, the Federal Reserve has created all sorts of problems for the U.S. economy. Not the least of which is depriving hard working, hard saving American families of a safe investment vehicle, such as FDIC insured bank accounts, in which they could deposit their money and earn a decent interest in return.
Without real interest-bearing accounts, Americans deposited their savings and retirements in the U.S. stock market and have lost an entire decade.
So a penny saved is a penny earned but not much more. For many Americans this means that retirement is much further off then they thought.
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