In the News

Title

The Federal Reserve May Have Just Ruined Your Household Finances -- Use These Top Tips to Survive

Document Type

Article

Publication Date

6-14-2017

Abstract

Consumers are facing headwinds, as the Federal Reserve announced a quarter-point rate hike on Wednesday, launching short term interest rates above 1% for the first time since the 2008 Great Recession.

With the interest rising on variable rate loans, consumers who have large amounts of debt will see their borrowing costs rise.