For some young people, a path to homeownership often involves a mix of diligent saving combined with assistance from family or government loans and programs.
Investors, executives and economists are preparing contingency plans as they consider the turmoil that would result from a default in the $24 trillion U.S. Treasury market.
Banks are offering the promotional rates to attract deposits. Given concerns about the economy, it’s unclear how long banks will continue to reward savers.