Kelli B. Grant is a writer covering personal finance and consumer spending for CNBC.com.
Prior to joining CNBC.com, Grant was the senior consumer reporter for MarketWatch.com and SmartMoney.com. Her work has appeared in The Wall Street Journal, The New York Times, SmartMoney, Kiplinger's Personal Finance, Good Housekeeping, Real Simple and Family Circle, among other publications.
Grant holds a bachelor's degree in journalism and anthropology from Ithaca College.
While the long-term result of a rate increase will be positive for consumers, short term, it's likely to be costly.
A new study says fewer Americans are at risk for falling short in retirement—provided they meet certain conditions.
New initiatives from President Obama offer new student loan protections and repayment options. Could you benefit?