CONSUMER DEBT
Research interest rates and consumer debt using the online library resources and the Internet. Based on the articles and your independent research, respond to the following: site sources show diagrams How is consumer debt different today than in the past? What role do interest rates play in mounting consumer debt? What are the typical interest rates applied to credit cards, mortgages, and other debt? Many of today’s interest rates are variable rather than fixed. What difference does this make to pension plans, housing loans, and other personal finances? Write your response in 1–2 paragraphs (a total of 200-300 words).
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