With the festive season on the horizon, consumers are grappling with the dual realities of persistently high prices and the allure of increased savings.
What Happened: The recent uptick in inflation has not eased the cost of goods significantly, while the Federal Reserve's decision to hike interest rates to a level unseen in two decades has made saving more appealing than ever.
Every dollar spent today could potentially miss out on returns as high as 5% from savings avenues like savings accounts, certificates of deposit and bonds.
Moreover, the elevated interest rates have made borrowing more expensive, with credit ...