America's Broke Households: 46% Live on Credit
The nine consecutive interest rate hikes by the U.S. Federal Reserve since March 2022 now put them in a range of 4.75% to 5%, the highest cap since September 2007. This strategy by Federal Reserve Chairman Jerome Powell to contain inflation also has a direct impact on consumers' wallets. "In fact, WalletHub has estimated that due to the increases that occurred…
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