Young Families, Low Earners Among Those Most Stressed About Federal Reserve Interest Rate Increases

January 22, 2016

After raising interest rates in December for the first time since the Great Recession, the Fed has signaled there are more raises coming. And whether or not that's cause to worry seems to have a lot to do with age and economic standing.

A majority of Americans responding to Bankrate’s Financial Security Index survey said that they weren't concerned about higher tax rates this year. But more than 40 percent of those polled are worried about the impact these moves may have on their personal financial situation.

The majority of those who are worried are young families and those who make less money and are of a lower economic status, according to Bankrate.

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