Today, Clark explains the confusion around how various interest rates are set, from savings & CDs, to credit cards and car loans. He explores the "K-shaped" economy, where a flood of cash into savings and CDs drives down returns – even at online banks, and how the "convenience trap" can cost consumers thousands on all kinds of loans. Also, good news at the grocery store: the "store brand revolution" is working. After years of price hikes, name brand giants are finally slashing prices on snacks to win back customers.

• How Interest Rates Are Set : Segment 1
• Ask Clark: Segment 2
• Groceries: Big Brand Price Cuts: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• My 7 Rules for Using Credit Cards - Clark Howard
• Best Place to Get a Car Loan - Clark Howard
• How To Buy a House in 9 Steps - Clark Howard
• NYT: After Years of Increases, PepsiCo Pledges to Cut Prices on Snacks
• Are Car Wash Memberships Worth It? - Clark Howard
• What Is Umbrella Insurance and Do You Need It? - Clark Howard
• 5 Ways To Start Living Below Your Means - Clark Howard
• The 7 Money Habits of People Who Become Wealthy - Clark Howard
  

Clark.com resources:

• Episode transcripts
• Community.Clark.com  /  Ask Clark
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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