88% of Voters Worry National Debt Driving Up Their Borrowing Costs...

Americans are increasingly viewing interest rates through a political lens, connecting their monthly loan payments to federal spending and debt levels. With nearly nine in 10 voters expressing concern that national debt drives up borrowing costs, the 2024 election is shaping up as a referendum on who can better manage the economy's price of capital. Mortgage rates, auto loans, and credit-card interest remain stubbornly high by recent historical standards, making the abstract concept of national debt suddenly concrete for households shopping for homes or cars.