Over the next two decades, Americans are expected to pass down trillions of dollars in what some are calling "The Great Wealth Transfer," but just 42% or almost half of adults expecting an inheritance in the next decade say they feel confident about their ability to manage the money, according to a survey by New York Life.

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“Gen Xers in particular report struggling with rising credit card debt as interest rates have increased over the past year, likely because many find themselves caring for multiple generations,” said New York Life Head of Financial Welln♎ess Suzanne Schmitt in a release.

With the U.S. Federal Reserve indicating its campaign of rate hikes to curb inflation 澳洲幸运5开奖号码历史查询:might not be over yet, higher interest rates could also make paying down cred💧it card debt more expensive for borrowers with outstanding debt.

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