Rising Interest Rates

[*bfine32*]

(06-15-2018, 05:13 PM)NATI BENGALS Wrote: From my understanding most low and middle class peopledont have a lot of savings and do have a lot of debt. While wages are stagnate.

The ones who have to borrow to buy a car buy a furnace put a roof on their house etc.

Some might call them the forgotten people. Im just not putting 2 and 2 together and able to figure out how this helps them

Personally I think you're fishing for something that's really not there. But let's pretend I am low/middle income and have to buy a car. Let's further pretend I'm going to be reasonable and buy a nice used/ bargain basement new for around $18,000 dollars. I can get it for about $282 a month on a 6 year note at 4%, Let's say the interest rate jumps 2% (big jump) I am now paying about $15 more dollars a month.

Higher interest rate is a sign of a strong economy; it just stops folks from spending outside of their means.