by Lynne Kirkham
A seriously hot topic today is interest rates and how they are affecting the economy, and quite a few people are worried that the rates may continue to go up so those people are paying a lot more attention to interest rates today than they did in the past. Some people, though, think that it’s great that interest rates are rising, because they’re the ones who will be collecting interest - either through money that they have in the bank or through the fact that they have lent money to someone else. People who are making a lot of money off of high interest rates generally aren’t that worried about whether they are ‘too high’ for other people to pay. (more…)