Re:Federal Reserve raises rates by 0.75%
by hermitdev on Wednesday June 15, 2022 @03:48PM
(#31758456)
Middle/upper class hold a higher nominal value. Lower class tends to hold a higher debt level to their income, and it tends to be in high interest revolvers such as credit cards which are almost impossible to pay off if all you can afford is to make the bare minimum monthly payment.
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