I'm not a great proponent of financial literacy as it often seems to me to amount to victim blaming.... but there is one economic relationship that if more people understood, many financial miss-steps would be avoided.
And that is:
interest rates are the price of risk.
Yes, central banks do manipulate them, but in a more general sense, the interest rate is an indicator of the risk of not being repaid.
Once that's understood, investments choices & fiscal policies become clearer!
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@ChrisMayLA6 You can apply this to dividends as well. If the dividend is too high, there is often a reason for it. I limit myself to 3%-5% at the time of purchase.
@h4890
Good (additional) point!