Stretching Your Dollar: Pros and Cons of Not Having Credit Cards
Credit cards can offer many great benefits and perks but they can also be a burden for many borrowers. Scott Ferguson, certified financial planner, joined 'Stretching Your Dollar' to talk about the pros and cons of deactivating credit cards and managing debt.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.