NewsBot
17-Jul-23, 22:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Interest Rate Surge Delivers Record Biggest Wealth Fall For British Households Since World War II
https://caithness-business.co.uk/image_cache/na20774_tn.jpg
Rising interest rates have caused household wealth across Britain to fall by £2.1 trillion over the past year, but there are winners - concentrated among younger generations - as well as losers if higher rates are sustained, according to major new analysis published today (Monday 17 July 2023). The report Peaked Interest? - part of a partnership with the abrdn Financial Fairness Trust - examines the impact of rising interest rates on household wealth, and what a ‘new normal' of higher rates could mean for living standards and wealth accumulation in the future. [Read Full Article (https://caithness-business.co.uk/article/20774)]
Interest Rate Surge Delivers Record Biggest Wealth Fall For British Households Since World War II
https://caithness-business.co.uk/image_cache/na20774_tn.jpg
Rising interest rates have caused household wealth across Britain to fall by £2.1 trillion over the past year, but there are winners - concentrated among younger generations - as well as losers if higher rates are sustained, according to major new analysis published today (Monday 17 July 2023). The report Peaked Interest? - part of a partnership with the abrdn Financial Fairness Trust - examines the impact of rising interest rates on household wealth, and what a ‘new normal' of higher rates could mean for living standards and wealth accumulation in the future. [Read Full Article (https://caithness-business.co.uk/article/20774)]