The west's current monetary policy very much hurts retirees living on dwindling fixed incomes. There ought to be at least some reward associated with savings, even without taking a risk to the principal.
Returns need to be associated with value creation. As the world has become more wealthy simply having assets and lending them out stopped creating significant value, thus lowering returns.
My completely unsecured credit card only charges 10%, and that’s before inflation.
My completely unsecured credit card only charges 10%, and that’s before inflation.