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Americans reap more interest as rates rise say analysts
The AP report notes rising rates widen who benefits from interest. Government, banks and individuals collect vast sums from Treasury securities, savings accounts, bonds and pension funds while debt levels rise. It highlights the distribution of about 9 billion dollars annual interest paid by the government and the broad reach to savers, lenders, and insurers amid higher rates.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
U. S. Treasury
U. S
Social Security
Treasury
Federal Reserve
Uncle Sam
Securities and| Exchange Commission
Lion
First National City Bank of New York