What do the rising interest rates mean for your Savings and Debt?

TIC Talk by The Investing Circle

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The federal reserve continues to raise interest rates in an effort to combat inflation. In this video, we’ll explain what that means for your debt and your savings.
Change in a dollar calculator - https://www.in2013dollars.com/us/inflation/2021?amount=1
Average rates on credit cards - https://wallethub.com/edu/cc/average-credit-card-interest-rate/50841
Fed raising rates notes - https://www.nbcnews.com/business/economy/federal-reserve-raises-key-interest-rate-to-fight-inflation-rcna40142
Watch it here:
https://youtu.be/25Iwb4folac
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