Re:Federal Reserve raises rates by 0.75%
by shadowpho on Wednesday June 15, 2022 @04:07PM
(#31758743)
I would say the inflation hurts middle class significantly more -- they at least have some savings/money.
However, if you are poor you would have more debt\less savings. As such a recession would be worse -- especially as it leads to less jobs and lost jobs.
However, if you are poor you would have more debt\less savings. As such a recession would be worse -- especially as it leads to less jobs and lost jobs.