From Yahoo Finance: 2025-05-21 10:47:00

Moody’s Ratings cut America’s credit rating on May 16, dropping from Aaa to Aa1 due to increasing government debt. This downgrade could lead to higher borrowing costs for mortgages, personal loans, and credit cards, impacting everyone from young adults to retirees. The cost of borrowing is likely to rise as creditors seek higher interest rates to protect themselves. Retirees holding bonds may see deflating bond prices, potentially leading to inflation and unstable investment portfolios. Higher borrowing costs could pose challenges for retirees on fixed incomes, affecting their ability to purchase or refinance homes.



Read more at Yahoo Finance: What Moody’s Downgrade of US Credit Rating Means for Retirees