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

Higher interest rates will significantly affect consumer borrowing costs and savings returns, but the impact will not be felt equally across all households.

1 report1 sourceSep 23, 2026, 7:31 PM
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CNBCSep 23, 2026, 7:31 PM

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

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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