8% is going to hurt at different levels depending how much you have to spare - compare the pain caused by losing $8 of the $100 you have for the week to the $80

8% is going to hurt at different levels depending how much you have to spare - compare the pain caused by losing $8 of the $100 you have for the week to the $800 of $8000 for the week. One of those people is going to have to make real sacrifices, and it won't be the guy with $7200 left over.