The rates on $100,000 CDs are abysmal.
For us small savers, they're non-existant. If I decide to stop working my supplemental income job, the answer is just going to be to not spend money until interest rates go up.
I'm up tonight at least partially because I'm heartsick. Today, I was at a school where there are a few teachers who are over 55, and had a career change to education when the layoff situation in private businesses started....it's over ten years ago now. It's a tough school. Three of them, good people, actually said they're pretty sure the job will kill them. They're to young to get their small amount of social security, and they'll never see a teacher pension. If they take a year off, they'll never be rehired...they know that.
One can't help but wonder if the system is trying to force them out by putting them in the most challenging schools. These are good people, who deserve better. The thing is, they're good teachers, the kind who know when all of these new initiatives and plans just aren't working.