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Is everyone worse off when interest rates rise 2024?
everybody worse off
Questioner:Maya Carter 2023-05-07 11:14:46
The most authoritative answer in 2024
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Stella Cooper——Studied at University of California, Los Angeles (UCLA), Lives in Los Angeles. Passionate about environmental sustainability and currently working for a green energy startup.
No, not
everybody is
worse off when interest rates rise. People who borrow to purchase a house or a car are
worse off because it costs them more to finance their purchase; however, savers benefit because they can earn higher
interest rates on their savings.
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