How rising interest rates are affecting Americans

The average interest rate on a credit card in November 2021 was 16.4%. As of September, the average credit card interest rate is nearly 24.5%. Javier David, managing editor at Axios, joined CBS News to discuss other ways rising interest rates are putting pressure on Americans.

#news #interestrates #economy

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17 thoughts on “How rising interest rates are affecting Americans

  1. It's making the retirees like me a lot wealthier. My income this year has almost tripled all thanks to much higher interest rates. I've been robbed since 2008 to 2022.

  2. Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

  3. The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.

  4. Inflation…. high interest rates… record credit card debt…
    But more jobs… I wonder y?😮
    Bidenomics 🎉

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