Who is to blame when rising interest rates eat into revenue? “The evil banks,” say politicians and consumer advocates. “The lack of financial knowledge among the Austrians”, they object – and they are probably at least somewhat right: according to a current survey, many people are insecure about money matters. Read here where the biggest differences lie, how rising interest rates have changed behavior and how the dilemma can be resolved.
How high is inflation at the moment? Is the property manager paid by my utilities? And when does it become really expensive if my account is overdrawn? All questions whose answers determine our daily lives and, if we don’t know them, can plunge us into major financial problems. And yet most Austrians still have a lot of catching up to do when it comes to financial education.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
