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 Which Commodities Are Doing the Best in 2023? READ MORE JPMorgan Chase CEO Jamie Dimon Remains Cautious on the U.S. Economy READ MORE Gold Soars to New Heights as Fed Rate Cut Approaches READ MORE Leading Economic Index No Longer Predicts U.S. Recession -Conference Board READ MORE Cosmic Flash Leaves Scientists Puzzled Over Origin of Gold and Platinum READ MORE Add a Comment Cancel replyYour email address will not be published.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