Mon, May 12, 2025
Sun, May 11, 2025
[ Sun, May 11th ]: Yahoo Finance
Inside the Yahoo
Sat, May 10, 2025
Fri, May 9, 2025
Thu, May 8, 2025
Wed, May 7, 2025
Tue, May 6, 2025
Mon, May 5, 2025
Sun, May 4, 2025

How Interest Rate Changes Affect Your Finances

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -interest-rate-changes-affect-your-finances.html
  Print publication without navigation Published in Business and Finance on by Forbes
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  While the Fed declined to change interest rates in their last meeting, interest rates have a big impact on your money - see how it could affect it in the future.

- Click to Lock Slider
The article by Jim Wang on Forbes, dated May 8, 2025, discusses how changes in interest rates impact personal finances. It explains that when interest rates rise, borrowing costs increase, affecting loans like mortgages, car loans, and credit card debt, making them more expensive. Conversely, higher interest rates can benefit savers as they earn more from savings accounts and fixed-income investments. The article also notes that lower interest rates make borrowing cheaper, which can stimulate spending and investment but reduces returns on savings. Wang advises readers to consider these effects when planning their financial strategies, such as locking in lower rates for long-term loans or adjusting investment portfolios to take advantage of rate changes.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/jimwang/2025/05/08/how-interest-rate-changes-affect-your-finances/ ]