pagadesign
Like nearly all other developed nations, the United States is facing a severe debt problem.
Today, public debt is nearly $35 trillion, rising approximately 23% in the last four years alone.
But public debt only tells one half of the entire story: what the government owes.
The United States also has $66 trillion of private debt – what companies and households owe.
So, in this article, we’ll not only break apart the debt situation in the public sector, but we’ll also analyze the private sector debt burden. At the end of this article, we’ll discuss the consequences of such a crushing public and private debt burden.
BEA, BLS, Federal Reserve, Census Bureau, EPB Research
From 1955 through 1980, total debt averaged 150% of GDP, but that has more than doubled over the last 40 years.
BEA, BLS, Federal Reserve, Census Bureau, EPB Research
For all sectors of the economy, we’re going to look at the debt levels today,…
