The Federal Reserve expects to raise rates again by end of year – here’s what you should do
Rising interest rates may be nice for boosting savings accounts, but they’re unkind to credit card balances – older Americans, especially those on a fixed budget, should beware.
The number of older Americans with debt dropped from the first survey conducted the year before, during the height of the pandemic, when that figure was 79%. Consumers can also reach out to their credit card company, or a credit counselor, to learn more about debt repayment plans.
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