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Credit card debt was up $129 billion in the first quarter of 2024, leading to a total of $1.1 trillion, a recent report shows. https://t.co/PeRuiE2hTk
Soaring debt and deficits causing worry about threats to the economy and markets - CNBC https://t.co/FrVlI7y7jR
US government debt keeps getting higher and it’s a problem neither party seems about to fix. How did the US get to the fiscal position it’s in and how worried should we be? Check out the Economics Show, a new FT podcast with @SoumayaKeynes, to find out: https://t.co/2mu26cUQt6 https://t.co/WmCQbGxFgr
Global debt-to-GDP ratios are surging, with the US national debt exceeding $35 trillion and credit card debt over $1.1 trillion at a record 21.6% interest rate. US household debt hits a record $17.7 trillion, highlighting financial pressures. Concerns rise over soaring debt and deficits impacting the economy and markets.
