Higher interest rates squeeze younger and lower-income households. 'A rate hike is a blunt tool,' says expert
- Posted on September 23, 2026
- By CNBC
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- 1 min read
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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.
