U.S. National Debt Exceeds $34 Trillion, Interest Costs Surpass Medicare, Congress Abandons Debt Plan, Credit Card Delinquencies Rise

Rep. Mike Collins@RepMikeCollins

2 years ago

One of the greatest threats the U.S. faces is our federal debt—which now exceeds $34T. In fact, we’re now paying more on interest than in Defense and Medicare. Out-of-control government spending is contributing to a multitude of issues Americans are being crushed by—like… https://t.co/pZxaMOHJBm

CNBC@CNBC

2 years ago

Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows https://t.co/sVNHnZbA9V

Sven Henrich@NorthmanTrader

2 years ago

US household debt has reached a record and more borrowers are struggling to keep up. Overall US household debt rose to $17.7 trillion. Consumers have added $3.4 trillion in debt since the pandemic, and that increased debt bears much higher interest rates. Consumers facing a…