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 Economist Warns of Imminent Recession as 19 States Show Rising Unemployment READ MORE The Italian Job Revisited: How Much Are Those Gold Bars Worth Today? READ MORE Investors Eye Fed's Next Moves as Gold Prices Soar to New Heights READ MORE Gold Prices Plunge as Middle East Tensions Ease and Fed Maintains Higher Rates READ MORE Election Jitters Keep Metals Market in Check, Says Citigroup READ MORE Add a Comment Cancel replyYour email address will not be published.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