You've got trouble, my friends--with a capital T, and that rhymes with D, and that stands for debt. That's how the song from The Music Man might go if it had been written in today's economic climate. Interest rates are drifting higher, the personal-savings rate is next to nothing, and all this is happening at a time when income growth is barely keeping up with inflation.
Your personal-debt problems may soon worsen. The folks at Economy.com expect the Federal Reserve's string of interest-rate hikes to affect the interest rates you pay on your credit card sometime in the...
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