In an interview with The Atlantic, CMC Prof. Angela Vossmeyer explained how higher Federal interest rates might affect Americans in their everyday lives. In general, “individuals seeking bank loans or lines of credit to purchase a car, remodel their home, expand their business, or even purchase retail items with credit cards will see monthly interest payments higher than what we have seen in the last two years,” Vossmeyer said. “On the other hand,” she pointed out, “with interest rates going up, Americans will have safe and meaningful outlets for saving again.”