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How America's Debt Spiral Could Spark The Next Crisis
Independent analyses, ranging from Yale University to the Wharton School to the Congressional Budget Office, have each said that President Trump’s Big Beautiful Bill will add trillions of dollars to the U.S. deficit over the next 10 years. Yet, this year, the U.S. deficit is already exceeding 6 percent of GDP, a level roughly 63 percent ...
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Americans’ household debt levels – including mortgages, car loans, credit cards and student loans – are now at a new record high, data shows. Total household debt reached $18.59 trillion from July through September of this year, up by $197 billion from the previous quarter. Overall debt levels are up by $4.4 trillion since the end of 2019, just before the pandemic recession. Read more at link in bio. https://abcnews.link/p3MWGJ5 | ABC News
Americans’ household debt levels – including mortgages, car loans, credit cards and student loans – are now at a new record high, data shows. Total household debt reached $18.59 trillion from July through September of this year, up by $197 billion from the previous quarter. Overall debt levels are up by $4.4 trillion since the end of 2019, just before the pandemic recession. Read more at link in bio. https://abcnews.link/p3MWGJ5 | ABC News
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