The cost of borrowing money is something that affects us all, be it via a mortgage, credit card balance, or car payment. But can interest rates actually be…interesting? Most would say no. But most people couldn’t tell you where interest rates were 50 years ago…let alone 300 years ago. Have we piqued your ‘interest’ yet?
What’s that? Go on you say? Well actually, we can track interest rates all the way back to 1350, and this may come as a surprise, but the cost of borrowing isn’t just at generational lows…they are at 670 year lows! Please find attached an infographic, brought to you in partnership with our friends at www.visualcapitalist.com, which is guaranteed to be a conversation starter this holiday season.