Today we'll find out if borrowing money will be a little cheaper. The Federal Reserve is making its decision on interest rates. For the typical American, that could mean paying less on car loans and credit cards, even as your savings accounts take a hit.

It comes at a time of economic uncertainty for most Americans. We just learned that credit scores are falling at the fastest pace since the 2008 recession, as more people fall behind on payments. The national average FICO score dropped by two points this year, the most since 2009. Americans say they are facing issues from all sides, with high student debt and low entry-level hiring.

We spoke with metro Detroiters on how they're dealing with the economic struggles, and a local economist about what a rate drop would mean for your finances.

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