USA Pocket Money Just Got Lighter
By JENNY ARCHER
@bookbar (1609)
Sudbury, England
December 17, 2015 1:59am CST
It seems, according to the Fed, that America is doing so well now, It's citizens can afford higher Interest Rates, and so they accommodated them by lightening their pockets.
Wonder how long it will be before the Bank of England follow in their footsteps... as we seem to be joined at the hip of monetary influence.
Such a Jolly Xmas gift for people to swallow along with their expensive Xmas fare, don't you think?
Can't imagine many Bankers and their financial robots, actually know whether the lower eschallons of society, can actually afford to pay that 'little extra' from their meagre earnings...or do they even care?
9 people like this
8 responses
@Asylum (47893)
• Manchester, England
17 Dec 15
@bookbar I remember the government claiming to have put restrictions on such bonuses for bankers after the collapse of several banks. This cannot have amounted to a very strict restriction because the very same year many bankers received bonuses around the £100,000 mark.
1 person likes this
@PainsOnSlate (21845)
• Canada
24 Dec 15
Crazy that they are allowed to do it, I've been reading about the increase a lot lately.
1 person likes this
@celticeagle (189917)
• Boise, Idaho
18 Dec 15
Why don't they leave it alone and let people enjoy having a little for a change.
1 person likes this
@Mike197602 (15504)
• United Kingdom
17 Dec 15
Personally I'd like to see interest rates as high as possible...as long as inflation doesn't follow suit too quickly
@Mike197602 (15504)
• United Kingdom
17 Dec 15
high interest rates do not impact me as I've 0 debt but inflation does.
1 person likes this
@bookbar (1609)
• Sudbury, England
17 Dec 15
@Mike197602 Interest rates affect everyone, not just those with debts, they will immediately be reflected in goods and services affecting the poor more than anyone.
@Mike197602 (15504)
• United Kingdom
19 Dec 15
@bookbar that's true but i suspect i'm one of the people least affected so i've got to support what is good for me.
1 person likes this
@fishtiger58 (29819)
• Momence, Illinois
24 Dec 15
Of course they don't care one bit.
1 person likes this
@veganbliss (3895)
• Adelaide, Australia
17 Dec 15
If they... no, when they do that, it'll be like the straw that broke the camel's back! That will trigger a worse crisis than The Great Depression from which there will be no way out of. You will wake up one day & find all your money locked up & taken from you forever, with the entire financial industry closed for business - online & offline! All you will have access to is what you have in your house right now. Nothing else. Are you prepared???
@AbbyGreenhill (45490)
• United States
17 Dec 15
Since the .25% increase means about $530 a year on a $300,000 mortgage, I don't think it's the end of the world and I don't think it will stop people from buying homes. People who take a $300,000 mortgage hopefully can afford the extra $45 a month.
@AbbyGreenhill (45490)
• United States
17 Dec 15
@bookbar It also will put more money into savings accounts.
1 person likes this
@bookbar (1609)
• Sudbury, England
17 Dec 15
@AbbyGreenhill Only for those of us lucky enough to still have them...much as they have been devalued lately.
@bookbar (1609)
• Sudbury, England
17 Dec 15
But it doesn't just impact those with mortgages, it is reflected in all goods and services and that's when it gets hard on those who have little spare in the first place
