Re:Joint Statement by the Department of the Treasury, Federa...
by davidgay on Monday March 13, 2023 @03:11AM
(#35132198)
> Yeah, the fees and lower interest rates from this will be pretty brutal for the poor.
I'm fairly sure the poor aren't that affected by interest rates - the very definition of being poor is not owning much in the way of assets that could earn interest...
Re:Joint Statement by the Department of the Treasury, Federa...
by ashwagary on Monday March 13, 2023 @03:25AM
(#35132283)
It's not only the earned interest on savings being discussed here, the OP was also including variable high interest rate loans that most poorer borrowers qualify for.
I'm fairly sure the poor aren't that affected by interest rates - the very definition of being poor is not owning much in the way of assets that could earn interest...