Tag: credit card debt

How Fed Interest Rate Increases Could Raise Your Household Debt

For most of my career I’ve heard predictions that the federal debt would end in collapse. The warnings have come from both parties, usually from whichever one is not in power. Not having seen a collapse yet, I’m skeptical of new warnings. A recent one...

Federal Reserve Rates and Your Personal Financial Balance

Whenever the Federal Reserve announces a change in the federal funds rate, it’s big news. Financial pundits and journalists analyze the likely impact on inflation, housing markets, consumer spending, and the economy in general. But what effect do these cuts, like the...

Your Biggest Holiday Expense Could Be a Hidden Cost

Consider your Christmas shopping list. What was the most expensive single item on it? That special gift for your partner? The latest electronic gizmo for your teenager? Your family’s holiday travel? Certainly, with inflation hitting a 40-year high, all these items...