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DeepNewz, mobile.
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High interest rates are disproportionately affecting poorer Americans, exacerbating financial strain due to high prices, low savings, and slow wage growth. Rising debt and interest rates are particularly impactful on lower-income individuals, as inflation continues to pose challenges. The Federal Reserve's response to a 40-year high inflation includes tightening monetary policy and increasing interest rates.
This #Bidenomics: 40-year high inflation results in Fed belt-tightening and higher interest rates https://t.co/dwJk1WBOQd
The impact of rising debt and interest rates hits lower income people the hardest. https://t.co/cUnxBkHjS8
High interest rates are hitting poor Americans the hardest. But you know what else hits poor Americans harder than wealthy people? Inflation. Let’s keep this in mind next time someone wants to print trillions of dollars. https://t.co/de0OJpxrV6