The Federal Reserve is raising interest rates to combat inflation, and many are concerned about how it will affect the economy. In this episode, we’ll discuss what rising interest rates means for your wallet and how to make the best of it.
In this episode, you’ll learn:
- How interest rates will affect the economy
- How this will affect you
- How to make the best out of rising interest rates
Research and resources from this episode:
- Average credit card interest rates: Week of October 12, 2022
- Average Student Loan Interest Rates in 2022
- Average Auto Loan Interest Rates: Facts & Figures
- Federal Reserve System
- Compound Annual Growth Rate
- What’s the National Debt by President?
- What is the national debt?
- Higher Interest Rates Will Raise Interest Costs On The National Debt
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