facebookInterest Rates Discussion: “Low interest rate benefits the Rich, High interest rate benefits the Poor” - Seedly

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Anonymous

19 Mar 2022

General Investing

Interest Rates Discussion: “Low interest rate benefits the Rich, High interest rate benefits the Poor”

Discussion (2)

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High interest rate- the rich got buisness addition cost just charge to customers

low interest rate- Rich got asset & credit, can borrow cheap money to buy more asset or expand buisnes.

High interest rate- the poor salary cant keep up with price increase, jialat

low interest rate- no impact if they dont borrow money from bank, and bank wont lend alot to them due to their low income.

so no matter what environment, the rich wins

I think you might want to look at the interest rates charged by licensed moneylenders.

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