White women cut spending the most as Fed hikes rates, study shows
White women cut spending the most as Fed hikes rates, study shows
Abstract
The Fed has increased interest rates by 2.25 percentage points this year as it tries to slow the fastest inflation in four decades. A majority of female-led households have no spouse, compared with 38% of households headed by men. Black households may not see a significant change in spending in an environment of interest rate increases because of “systemic racial inequalities in access to financial information, mortgaging refinancing options, and appropriate housing valuations, says Aina Puig.
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