The Wall Street Journal tells us, "Everyday Investors Are Thriving in a World Awash in Yield." The article states, "Interest rates are hovering at their highest level in more than two decades. For individual investors, that has been an unexpected blessing. Although it is more expensive for consumers to borrow money now than it was 18 months ago, they also have more options to put their cash to work. American households are earning an additional $​121 billion from income on investments annually versus a year ago, according to Commerce Department data through June, blunting the $​151 billion increase in interest payments on mortgages, credit cards and other loans." It continues, "​That has pushed yields on three- and six-​month Treasurys to about 5.​5%, the highest since 2001. Money-​market funds, which typically invest in T-​bills or park cash at the Fed, are offering rates above 5%. And certificates of deposits, or CDs, are offering up to 5.​4% for one-​year terms." The piece adds, "​Unsatisfied with earning next-​to-​nothing when his cash was parked at a small community bank, Eric Reed, 25, an insurance analyst in Springfield, Ill., moved more than a quarter of his portfolio into other investments. He scooped up Treasury bills yielding 5.​25%, a money-​market fund paying 5% and a high-​yield savings account offering 4.​15%. And that was before the Fed’​s latest rate increase." (​See also WSJ'​s "Banks Lean On ‘​Hot’ Deposits to Shore Up Balance Sheets.")

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