economics

This article is by editor Linda Vergon. Interest rates are expected to rise later in 2015. What will you do with this information? You could make the case that you haven’t missed much if you didn’t keep your money in a savings account over the last few years. But still, we all need liquid funds to one degree or another – and the sooner the interest rate goes up on those balances, the better. So will higher interest rates make you save more money? Well, they could, but not if you don’t have the money to begin with. A strange dichotomy seems to exist right now. “Total indebtedness is now almost $12 trillion in America,” as William Cowie pointed out in his recent article “What is your