The current economic environment and its effects over the last few years has made the competing interests of various groups more pronounced during these times. This is why I wanted to write a post about competing interests. Recently, I was reading about the self interests of people as it relates to the low interest rates, which have been rock bottom for a long time now. I was surprised when I learned that savers and risk adverse people (think older adults nearing retirement) are not too excited about the prolonged low interest rates which are not earning them much money on their safe assets in their savings and retirement accounts. Even though the general thought is low interest rates are helpful in stabilizing and spurring growth in the economy, some competing interests say enough is enough. They are saying this because they would prefer to go back to living off higher interest rates. As I begin my data dump of thoughts for the month of April, I find myself torn like many of the elderly who likely want the economy to do well but want their interest income to jump back to life.
