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Finance / General

Higher interest rates squeeze younger and lower-income households. 'A rate hike is a blunt tool,' says expert

Source: cnbc September 23, 2026 · 12:31
Higher interest rates squeeze younger and lower-income households. 'A rate hike is a blunt tool,' says expert
Photo by Ravi Roshan · Pexels
From the publisher
Higher interest rates will significantly affect consumer borrowing costs and savings returns, but the impact will not be felt equally across all households.
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