close
    How a debt downgrade would impact my money?

    0  Views: 580 Answers: 2 Posted: 12 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.



    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18061 / Questions: 154
    Karma: 1101K
     
    Colleen
    Answers: 47270 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    nhacaiuytin24
    Answers: 0 Views: 5 Rating: 0
    Fun88True
    Answers: 0 Views: 7 Rating: 0
    Fun88
    Answers: 0 Views: 7 Rating: 0
    what do you want?
    Answers: 0 Views: 8 Rating: 0
    Nhà Cái 88
    Answers: 0 Views: 18 Rating: 0
    Lâm Thành Kim
    Answers: 0 Views: 10 Rating: 0
    > More questions...
    452268
    questions
    719715
    answers
    754092
    users