they are moderating just a bit. the fed chairman insists that these rising prices are, quote, transitory. another word for temporary. and perhaps he might be starting to look right at least when it comes to lumber prices in may they hit a record on demand from the super hot housing market but have now since dropped 41%. you could call that definitely a crash. either way, bret, this is a jittery stock market that is extremely weary that interest rates that have been close to zero for more than a year will soon begin climbing that necessarily, you know, under normal circumstances would be a good thing. it means that we are normalizing, right? but it makes borrowing more expensive for just everything. makes your credit card interest rate go up. perhaps your mortgage rates. people are very nervous at this moment and that is probably what really triggered that exit to the doors, right, this morning and today by the end of the trading session. back to you. bret: fascinating. liz, thank you
don t learn how to do a budget. we don t learn how to do our taxes. we don t learn about credit scores. it s incumbent on parents to teach their kids about this in the home. we don t have to be hard on ourselves but we canterbury our heads in the stand just because we didn t learn it in the past doesn t mean rescrew up our future. ainsley: 6% believe missing parents would increase credit score. 17 percent said missing payments could have no affect on their score. 36% have maxed out their cards. 45% didn t know their credit card interest rate. i ve been in debt before it is extremely stressful. you and me both, sister. ainsley: we learn the hardware. i was one of those millennials charging up furniture to buy things that i need he had at the time. what advice do you have that you think parents need to enforce at home and teach their kids. it s really that destructive behavior of adding up debt upon debt. it s the compounding interest that really gets you and missing late payments. t
victor blackwell reporting live for us, thank you. still to come in the newsroom, is your credit card interest rate about to head higher? the answer might be coming soon as the fed wraps up its latest meeting. quiet! mom has a headache! had a headache! but now, i.don t excedrin® is fast. in fact for some, relief starts in just 15 minutes. excedrin®. now available in geltabs. it s the final countdown! the final countdown! if you re the band europe, you love a final countdown. it s what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it s what you do. when i was sidelined with blood clots in my lung,h.