Decoder: Why you should be interested in interest rates now

Decoder: Why you should be interested in interest rates now

Inflation is one of the biggest worries for Gen Z and Millennials. Here’s why you need to care about rising interest rates — and what you can do. A tip box is filled with dollar bills, New York, 3 April 2019. (AP Photo/Mark Lennihan) For the first time in more...

On the same day the U.S. Federal Reserve raised interest rates by another 0.75%, News Decoder correspondent Sarah Edmonds delivered a decoder breaking down an economic issue that has an impact on us all, especially young people. Using engaging and informative language, Edmonds walks the reader through the history of interest rates, how we got to the position we’re in now and what options lie ahead. In a time when nearly half of Gen Z and Millennials live paycheck to paycheck, this decoder provides concise advice for smart financial planning.

Exercise: Ask students to look up the average cost of a house and the average interest rate in the year they were born. How does that compare to today’s averages?

Tag: stagflation