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>Poor people are massively more likely to benefit from low interest rates than to be hurt by it. We're talking about homes here right? Take a look at major cit
by accountyaccount 9y ago
>Poor people are massively more likely to benefit from low interest rates than to be hurt by it.
We're talking about homes here right? Take a look at major cities across the country, poor people aren't buying homes — developers are, and they're renting them to the poor.
The type of interest the poor are paying is on credit cards, cars, and payday loans. The poor often don't even have bank accounts.
- XorNot 9y agoDepends who you're talking about here. The poor aren't even those below the poverty line in this comparison - it's those who consider themselves middle-class (but are slipping out of it more and more each year).