In your socioeconomic group, maybe. There are also probably a lot of groups for whom high interest rates decrease spending (those of limited means, those with e

In your socioeconomic group, maybe. There are also probably a lot of groups for whom high interest rates decrease spending (those of limited means, those with extensive investments but minimal liquid cash, etc.). That's not to say that you're wrong, only that anecdotes don't make a trend :-) (This is why the USG generally pursues a policy of low interest rates and mild inflation: it incentivizes consumer purchasing and investment to have an environment in which dollars in the bank very slowly their purchasing power over time.)