Poorer Americans Bear the Brunt of High Interest Rates High interest rates are disproportionately impacting low- and moderate-income families, causing more Americans to fall behind on credit card and auto loan payments. As borrowing costs rise, monthly interest expenses have soared, pushing financially strained families closer to the edge. Fed officials have indicated that they expect to keep interest rates at their current level, so these folks won’t likely see any relief soon. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Soft Landing Scenario May Limit Scope of Fed's Interest Rate Reductions READ MORE Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand READ MORE ECB's Lagarde: Services Inflation Need Not Hit 2% for Rate Cut Considerations READ MORE Silver Market Faces Major Deficit as Industrial Demand Hits Record Highs READ MORE U.S. Credit Card Debt Hits Record $1.14 Trillion READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment