While we compare and contrast, the effect of The two newsworthy events that are The cost of credit card balances is higher than it was 30+ years ago and Falling Home Sales. Explain that the economic and financial blow that has been affected more or less by the Covid-19 pandemic. When compared to the two things above, it shows a declining economy, and an increase in interest rates makes it difficult for people or companies to apply for loans because interest rates are difficult to pay when global inflation occurs. Meanwhile, the decline in house sales was caused by the same thing, namely inflation, which is likely to lead to a recession. The contrast between these two things is that the interest rate affects the course of the economy as a whole, while the decline in house sales does not have a significant impact on the economy or purchasing power.