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Day: August 31, 2009

“Interest rates are set to start rising, some say sooner rather than later. How should people respond to this?”

Ford Prefect from Hitchhikers Guide to the Galaxy said it best: “Don’t panic! Don’t panic!” Household debt levels tend to rise through your 20s and 30s – home, investment and business loans, plus lifestyle debt – then peak in your 40s before debt is reduced going into retirement. Therefore, rising interest rates will disproportionately negatively […]