The Fed could trigger a personal debt crisis

ArticleDebt crisis February 8, 2018 - 7:34:55 AM

The Federal Reserve raises interest rates and it could hurt millions of vulnerable debt-heavy households.

Each time the Federal Reserve raises interest rates, which is normally the sign of a booming economy, it could hurt millions of vulnerable debt-heavy households.

Some market and credit card industry observers warn that many people may suddenly not be able to pay their monthly bills...

Source:nypost.com

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