War on Seniors and the Middle Class

Not sure why more has not been made on the war on seniors and the middle class by this administration in concert with the Federal Reserve.

Seniors, who have retired usually looked at their total pool of monies which would cover their living expenses going forward. The policies of this administration and the Fed have allowed CD rates to fall from 3-5% to perhaps 1%. This difference may mean that people who could live inexpensively but somewhat comfortably, now are in dire staits.

For the middle class, those who are saving in a 401K for a 529 to save for their children's education now have to move from safer bonds to riskier stocks. Look to the Clinton tech bubble and the Bush housing bubble to see how the average individual investor does when forced to take on additional risk to achieve yield.

Has there been one question in two debates on this issue. Has a station like PBS which can do in depth reviews of issues taken on what this will mean to millions who can now longer go back into the workforce ( older retired) to make up for this shortfall or the angst of younger middle class workers as they try to figure out how to save for their retirement or the education of their kids. If not, why not.

Not sure if this site is appropriate for such a discussion, but thought I would give it a try.

Since Clinton, our economy has moved so much toward revenue over equity that it is more important to spend rather than save. Saving does not create revenue--consume, consume, consume.