Re: If you are not a borrower...
It's simply a continuation of the punishment of the boomers. When they were borrowers, mortgage rates were in excess of 16% (AAA credit) and a minimum of 20% down. Money market rates (remember Ready Assets?) were 22%. Long term corporate bond rates were between 16 and 18%. Of course, at that stage of most boomer's lives, they were not collecting the interest ... they were paying it.
Self-employment tax (FICA and Medicare), in 1966 was 2%. It was raised, due to cost overruns in Medicare, to 2.5% in 1966. However, ever since Ronny "The Commie" Reagan, it's been 15.3% .....
All that the boomers have ever done is pay, through the nose, for the "greatest generation".
It's not just a snapshot of banking ... it's a snapshot of how boomers have had it forced up their backside, always to pay for others ... Nothin' left for them.