Monday, March 21, 2005

Social Class and the US Economy: The uneven burden of money's higher cost

By Ron Scherer

Staff writer of The Christian Science Monitor

NEW YORK – The cost of being a borrower is rising.

As the Federal Reserve raises interest rates - as it is expected to do again Tuesday - everyone from students to car buyers to anyone carrying a credit-card balance will start to notice that lenders are charging more.

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