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2025-02-23 12:22:01

tzongocu on Nostr: πŸ“° News Alert: πŸ”– Title: Consumers don’t have a debt problem. The US government ...

πŸ“° News Alert:
πŸ”– Title: Consumers don’t have a debt problem. The US government does | Gene Marks
πŸ—“οΈ Published: Sun, 23 Feb 2025 12:00:34 GMT
πŸ“„ Summary: The US consumer debt has reached over $18 trillion, with concerns rising as Americans' credit card and household debt hit an all-time high. Additionally, 16 cents of every dollar spent by the government is now allocated to interest payments, indicating a significant economic impact and potential future implications on debt management and interest rates.
πŸ”— https://www.theguardian.com/business/2025/feb/23/us-national-debt-consumer
πŸ—žοΈ Source: Business | The Guardian
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