Quantitative Easing is Hazardous to Your Retirement
The Fed, through ZIRP and QE, has created $Trillions of benefits for the financial industry and much of that benefit has been created at the expense of government pension plans and individuals who depend upon interest earnings. This has a direct and negative consequence to many retirement plans, especially city and state public pensions.
It is especially destructive to those individuals who depend upon interest earnings to fund their cost of living. Thanks to QE Your savings (fiat ones anyways) are unlikely to last as long as you hoped.