More than half of middle-class Americans say higher borrowing costs are making it difficult to afford groceries, utilities and other basic needs. Despite roaring growth and a resilient job market, more middle-class Americans are worried about the state of the economy than a year ago, a Harris Poll for Bloomberg News has found. One big reason: The rapid increase in interest rates deployed by the Federal Reserve to rein in inflation, which are now expected to remain higher for longer.
More than half of middle-class Americans say higher borrowing costs are making it difficult to afford groceries, utilities and other basic needs. Despite roaring growth and a resilient job market, more middle-class Americans are worried about the state of the economy than a year ago, a Harris Poll for Bloomberg News has found. One big reason: The rapid increase in interest rates deployed by the Federal Reserve to rein in inflation, which are now expected to remain higher for longer.
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