In the US, higher interest rates are forcing people to cut back

Lee Duna@lemmy.nz to U.S. News@beehaw.org – 25 points –
In the US, higher interest rates are forcing people to cut back
aljazeera.com
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Yes, I too, am getting poorer

You were getting poorer before interest rates went up too, you just didn't realise it because you could borrow from the future to finance now.