Saturday, December 28, 2013

How does repressing interest rates help the poor?

Not at all, as a matter of fact it hurts them: Saving Most Popular Among Lower-Income Americans
In fact, Americans with the absolute lowest annual household incomes, $20,000 or less, are the most likely to say they enjoy saving money (66%) rather than spending it (30%), compared with Americans at other income levels. The propensity to save drops off notably among those bringing in $50,000 or more, though the majority still lean that way, including 56% of those with household incomes between $50,000 and $74,999 and 55% of those earning $75,000 or more.
But DC wants cheap money so the poor pay the price. 
 
Déjame decirlo:
De hecho, los norteamericanos con los ingresos domésticos anuales bajos absolutos, $20.000 o menos, son los más propensos a decir que les gusta ahorrar dinero (66%) en lugar de gastarlo (30%), en comparación con los americanos en otros niveles de ingresos. La propensión a ahorrar disminuye notablemente entre los trayendo en $50.000 o más, aunque la mayoría todavía magra así, incluyendo el 56% de aquellos con ingresos entre $50.000 y $74.999 y el 55% de los que ganan $75.000 o más.
Pero DC quiere dinero barato, por tanto, la pobre paga el precio.

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