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# Who thinks interest rates should be much higher?

Topic: Who thinks interest rates should be much higher?
July 18, 2019 / By Krystle
Question: Is it me or do Americans have historically low savings rates. America has the lowest savings rate of any developed economy. WIth the recent economic data, i think it's becoming increasingly clear that this economic problem is very structural and can't be solved by simply throwing money at it. America needs to start producing stuff, and therefore need savings to form capital.

## Best Answers: Who thinks interest rates should be much higher?

Jelissa | 8 days ago
I DO !! I used to make thousands on money just sitting in the bank. Last year I think I barely made just over one thousand. I've been retired for almost 3 years but it's back to work if things don't turn around.
👍 184 | 👎 8
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Originally Answered: How to calculate annual interest rates as monthly rates.?
It is only simple interest, so you have to just divide the annual interest by 12 to get monthly interest. Example If the amount is 12000 the annual interest at 10% is 1200. To convert it into monthly interest divide this by 12 - 1200/12 = 100. So the monthly interest is 100
Originally Answered: How to calculate annual interest rates as monthly rates.?
To convert an annual interest rate to a monthly rate, simply divide by 12. For example: 10% annually / 12 = .83% monthly
Originally Answered: How to calculate annual interest rates as monthly rates.?
The APR takes under consideration factors, last expenses, different expenses. it is like while searching for deals on the internet, you in many circumstances discover the distributors with the decrease costs tend to fee extra for delivery and coping with. Banks use a similar forms of tricks, yet conceal the main significant factors in smaller print. The effective pastime value is plenty a similar. The compounding value does not think concerning the up-front one-time expenses or termination expenses. additionally, the compounding value is particular to the the compounding era, IE. Annual, month-to-month, daily, rapidly. besides, a thorough description of APR as against different expenses of pastime, and how they are calculated, interchanged and used. may be seen on the internet internet site under.

Felice
not when the fed has dumped 600 billion in QE2, and artificially drove down interest rate to like zero. Unfortunately the fed doesnt really want people to save, they want people to invest, borrow, spend, if you save your money you lose it due to high inflation.
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Originally Answered: Do higher tax rates always bring in more tax money?
it's PERFECTLY simple, David!..the more you TAX and activity the less people will ENGAGE in that activity!..so if you RAISE taxes on something that has been generating lots of money it will CEASE to produce lots of cash!..this is axiomatic! (BTW, that "it's perfectly simple david" is a line from Shaun of the Dead)
Originally Answered: Do higher tax rates always bring in more tax money?
I don't think there is anybody that doesn't understand the Laffer Curve. The debate is more about where we are on the Laffer Curve.

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