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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
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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.read more >>
    +119962023-05-16 11:14:46

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