06-15-2018, 08:13 AM
Im no economist. So I have a question. Are rising interest rates good or bad for the low and middle class?
I get if i want to invest in a CD that should be one area of benefit. But what about everthing else.
With all these tariffs and trade wars starting i was reading a little last night about how American buyers are now paying 50% more for steel compared to other countries. I would assume that will get passed on to consumers. And the cost of washing machines had their biggest spike ever going up 17%.
Costs going up. Interest rates going up. My math tells me that is bad for my wallet. Am i wrong?
I get if i want to invest in a CD that should be one area of benefit. But what about everthing else.
With all these tariffs and trade wars starting i was reading a little last night about how American buyers are now paying 50% more for steel compared to other countries. I would assume that will get passed on to consumers. And the cost of washing machines had their biggest spike ever going up 17%.
Costs going up. Interest rates going up. My math tells me that is bad for my wallet. Am i wrong?
