On March 16, 2022, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the benchmark federal funds rate by 0.25% to a target range of 0.25% to 0.50%.
Retirement is a time to enjoy life to the fullest. While money matters may not be as exciting as traveling the world or painting a masterpiece, they’re still important. And your credit score is a crucial number to stay on top of. Doing so stands to benefit you in a myriad of ways during your golden years.
While credit scores may seem like a relic of the financial world, they are a relatively new concept. Invented in the 50s, they have since become a crucial part of people’s financial lives. Learn the backstory of this important number, including why it was introduced and how it rose to the prominence it has today.