how fed rate hikes affect credit card debt
Interest Rate Hikes Are Quietly Helping Debtors - Here’s How
Interest rate hikes can actually benefit debtors by boosting high-yield savings that offset higher borrowing costs. Most headlines warn of looming credit-card pain, yet the same policy that pushes rates up also creates a lucrative savings surge that many ignore. In 2024, high-yield savings accounts surged to a record 4.