Global Wealth and Global Debt - Interview with Jason Furman (Harvard University)
Economics Explained
00:00
The Effects of Low Interest Rates on Debt Payments
Interest rates now are much higher than they were two years ago. That is making debt payments hard in countries like Australia and the United Kingdom where mortgage rates reset more often. But still, compared to where interest rates were 20, 30 years ago, they're still on the low side. And probably at some point, they'll come back down a bit again.
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