Matthew W. Thomas@SlicerDicer @feld you're trying to say that an interest increase is good for someone with a mortgage because last year they got a credit for 20% of the interest rate increases that they faced.
This is not true. They still pay most of the increase and therefore are worse off.
Anyway, not all of the disadvantages of high interest are though debt. The people who receive layoffs are obviously worse off.
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