Average workers will be able to afford unpaid days off now. It will allow people to vacation more. On cruises they can now afford an outside cabin instead of an inside.
Those that shop at the 99c ONLY stores will be able to afford to shop at Big Lots now.
Those that usually travel coach can afford to fly First Class now.
It’s such a boost to the economy that auto workers are willing to go on strike…
I figured it out and it makes TOTAL sense!!
If you have $10,000 in credit card debt, you are going to save $4 a month in interest.
For each $100K of HELOC that you have, people will save $41 a month. Isn’t that enough to stimulate the economy ??
Also, you cannot compare a short term rate with a 30 yr fixed rate.
