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As interest rates rise, shoppers are using debit more than credit
2 years ago
5
A new survey finds a growing number of Americans are planning to use debit over credit this holiday season. This comes as the Federal Reserve raised interest rates once again, which is driving up borrowing costs. Take a look at what economists say is behind the trend away from credit, and why one expert says you should be cautious about only using your debit card.
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