…And this means higher mortgage rates, weaker housing, lower savings, and more expensive government debt, which impacts everybody. So, in terms of what this means for you and what's most likely going to happen over these next few months, here's what you came for. And we should start with the biggest losers. Unfortunately, this next year is going to be extremely difficult, especially for first those with debt. For example, credit cards, auto loans, personal loans, business loans, variable mortgage rates. All of that gets more expensive when rates stay higher for longer. Like, keep in mind that the average American carries thousands of dollars in credit card debt at rates already above 20%. That number is not going down anytime soon. On top of that, mortgage rates are now hitting 7% again. So, first-time buyers or anyone getting debt today is getting screwed. Second, growth stocks might suffer. Look, here's the math that most people don't consider. When interest rates rise, future profits become worth less in today's dollars. That means high multiple tech stocks, AI plays, spe…