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Bonds are down. That's hurting retirees and people trying to save for college

Investors are getting hit with a double whammy: stocks AND bonds are down. That's hurting retirees and people trying to save for college.

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NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.