Majority of Americans Have Taken a Financial Hit Due to Rising Interest Rates
As inflation cools, the majority of Americans say rising interest rates have hurt their finances in the last year.
- As inflation cools, the majority of Americans say rising interest rates have hurt their finances in the last year.
- Three in five Americans (61%) say they have taken a financial hit due to rising interest rates in the last 12 months, according to the 2023 Q2 Quarterly Market Perceptions Study from Allianz Life Insurance Company of North America ( Allianz Life ).
- About two in five (38%) say they have benefitted financially from rising interest rates in the past 12 months.
- “Rising interest rates can sometimes feel like a double-edged sword,” said Kelly LaVigne, vice president of consumer insights, Allianz Life.