LOWER INTEREST RATES HURT ELDERS' INCOMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, February 14, 1992                   TAG: 9202140454
SECTION: EDITORIAL                    PAGE: A-10   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short
LOWER INTEREST RATES HURT ELDERS' INCOMES
THE LOWERING and rape of interest rates by Alan Greenspan and his associates of the federal government and Federal Reserve Bank are lowering the standard of living for millions of retired and elderly citizens who live on fixed incomes and have to supplement this with interest from their CDs and income from stocks.
The antiquated system and control of interest rates may have been effective in past bad times. This is today; past remedies will not solve today's problems.
This system is taking income away from retired and elderly and giving millions of dollars on low interest rates to home builders and other business ventures. Soon, millions of retired and elderly people's incomes will be below the poverty level. They may have to apply for welfare and food stamps; this would surely help the economy.
One thing the retired and elderly can do is exercise their voting rights at the next election. It's time for a change. GLENN W. CROWDER ROANOKE COUNTY

by Bhavesh Jinadra by CNB