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
6

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.

After struggling to find a house for 1.5 years we finally found one and are on the verge of backing out because of ever-increasing rates.