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    How a debt downgrade would impact my money?

    0  Views: 540 Answers: 2 Posted: 10 years ago

    2 Answers

    You might feel more secure by putting that money into an FDIC-backed bank account instead, since it would be protected by deposit insurance.

    According to NPR, there should be little effect on us as everyday Americans with the exception of interest rates on mortgages and other loans but even that is doubtful. The drop from AAA rating to AA+ is only a one notch drop and although we have  had the AAA rating since 1917 (I believe that is correct) this rate lowering will probably have little effect on us. We should, assuming our great leaders stop all the bs and come up with real solutions, have our AAA rating restored soon. We will see.



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