Those same «financially repressed»
paltry interest
rates affecting fixed - income investments coupled with much higher mandated RRIF minimum withdrawal
rates puts seniors
at risk of running out of money before they run out of life.
In the four years before President Macri's arrival, the Argentine economy grew
at a paltry 1.6 % rate per year — meaning that, in per capita terms, it didn't grow at all... Consumer inflation, on the other hand, averaged almost 30 % per year... At the end of May, the government announced a plan to increase public pensions and devolve tax revenues to the provinces that, if implemented (which is almost certain), will cost the national government a significant amount of money and make meeting primary deficit targets... all but impossible to achiev
at a
paltry 1.6 %
rate per year — meaning that, in per capita terms, it didn't grow
at all... Consumer inflation, on the other hand, averaged almost 30 % per year... At the end of May, the government announced a plan to increase public pensions and devolve tax revenues to the provinces that, if implemented (which is almost certain), will cost the national government a significant amount of money and make meeting primary deficit targets... all but impossible to achiev
at all... Consumer inflation, on the other hand, averaged almost 30 % per year...
At the end of May, the government announced a plan to increase public pensions and devolve tax revenues to the provinces that, if implemented (which is almost certain), will cost the national government a significant amount of money and make meeting primary deficit targets... all but impossible to achiev
At the end of May, the government announced a plan to increase public pensions and devolve tax revenues to the provinces that, if implemented (which is almost certain), will cost the national government a significant amount of money and make meeting primary deficit targets... all but impossible to achieve.
The main reason is the low
rates offered by the big banks:
at press time, CIBC and Scotiabank offered one - year GICs
at a
paltry 0.4 %, while a five - year certificate
at Royal Bank would net you just 2 %.