Save like a boomer: Younger generations have a chance to make high interest rates work for them

• Now is a great time to use the investment strategy often suggested to older Americans.
• Interest rates on traditionally "safer" investments like Treasury bonds are high.
• They have risen sharply, but there is evidence they will now level off or decrease.

With their $75 trillion nest egg, baby boomers are getting the last laugh in the struggling US economy, and now is the time for younger generations with some extra cash to use one of their classic investment strategies.