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Fiendish Thingy

(22,886 posts)

30. Which is what I said

Reply to PufPuf23 (Reply #18)

Wed Nov 2, 2022, 07:09 PM

Nov 2022

It affects those who take on debt by purchasing a home or car, or using a variable rate loan to pay bills, but that’s not unique to people on fixed incomes.

Perhaps it affects those living on income from reverse mortgages?

But if you aren’t taking on new debt, whether on fixed income or not, interest hikes are not affecting your cost of living.

Interest hikes do not cause inflation.

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The Federal Reserve raised interest rates again today. Who is this hurting? [View all] Paper Roses Nov 2022 OP

Hopefully it won't hurt too much. jimfields33 Nov 2022 #1

Thanks for your good thought but I'm 80 and live on SS only. Paper Roses Nov 2022 #3

Yes, I haven't had the motivation to fill out my ballot yet, but I will be voting blue. My property liberal_mama Nov 2022 #20

How is the interest hike affecting you specifically? Fiendish Thingy Nov 2022 #2

Worked all my life, never had a 401K option. No use to me now. Paper Roses Nov 2022 #8

Sorry to hear of your situation, but interest hikes aren't causing inflation Fiendish Thingy Nov 2022 #28

The raise is not the highest ever. former9thward Nov 2022 #11

Ok, highest in 40 years. Nt Fiendish Thingy Nov 2022 #29

The higher Fed rates affect those on low, fixed incomes by the general rise PufPuf23 Nov 2022 #18

Which is what I said Fiendish Thingy Nov 2022 #30

Making the rich richer and poor poorer and never having a chance to not be poor. nt Samrob Nov 2022 #4

Why is this hitting lower fixed incomes? Mistwell Nov 2022 #5

No, you don't understand the economics. maxsolomon Nov 2022 #6

Slowing the demand? If you are on fixed income, the demand is minimal. Paper Roses Nov 2022 #9

Right, your demand is minimal. maxsolomon Nov 2022 #27

"The solution to the problem of higher prices is higher prices." W_HAMILTON Nov 2022 #15

I'm not saying I think it will work globally. maxsolomon Nov 2022 #26

Central banks in most developed countries are hiking rates Fiendish Thingy Nov 2022 #31

This message was self-deleted by its author snowybirdie Nov 2022 #7

snark not appreciated RussBLib Nov 2022 #10

I'm having trouble in seeing the duplicity TheProle Nov 2022 #12

Uhh, because the Feds increased the interest rate again today... W_HAMILTON Nov 2022 #16

It's hurting me too. Why would they do this less than a week before midterms? liberal_mama Nov 2022 #13

It's a fucking Republican doing this. W_HAMILTON Nov 2022 #17

Well, no doubt. I have never voted for a republican and never will liberal_mama Nov 2022 #22

It mainly hurts people buying or selling Mr.Bill Nov 2022 #14

It's going hurt everyone that is looking to buy doc03 Nov 2022 #19

This message was self-deleted by its author doc03 Nov 2022 #21

It's not going to stop inflation. roamer65 Nov 2022 #23

High interest rates hurt business, as well as the consumer andym Nov 2022 #24

There is one out for people who are on Social Security and/or disability, Dysfunctional Nov 2022 #25