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<p>[QUOTE=&quot;medoraman, post: 1415221, member: 26302&quot;]I disagree somewhat Cloud. Americans are predominantly more a borrowing nation rather than a savings one, (something these low interest rates are actually encouraging more). As such, low interest rates in credit cards and mortgages are allowing them to afford a higher standard of living longer than otherwise would be possible. If rates rise, it will have a direct, brutal affect on many peoples standard of living. </p><p><br /></p><p>For a subset of people, (retirees, etc), you are right, but I simply think more Americans are in the group without savings, so higher rates are a severe negative to them.</p><p><br /></p><p>Just my opinion.[/QUOTE]</p><p><br /></p>

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