4 ms·
> 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 v
by davidgay 4y ago
> 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...
- ashwagary 4y agoIt's not only the earned interest on savings being discussed here, the OP was also including higher interest rates on the variable rate loans that most poorer borrowers qualify for.