Will rising interest rates affect you personally? Most likely. No need to panic, but best to be aware.
Rising interest rates will have an impact on all of us, so it’s important to understand what it means for your different accounts, loans and investments. Broadly speaking, an increase in rates is good for savers and bad for borrowers. It’s more of a mixed bag for investors, depending on the types of investments you hold. Let’s take a look.
Should You Care About Rising Interest Rates?
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