If you’re overwhelmed with your credit card payments, you’re not alone. According to stats in the US the sharp rise in credit card debt to $1.02 trillion is a reason to be concerned. There are several other things taking place in the economy, notably quantitative tightening. Simply put, this means that the Fed FOMC (Federal Open Market Committee) is embarking upon a rather aggressive policy of interest rate hikes. Since December 2015, the Fed has been raising interest rates. Why does this … [Read more...]
