All articles tagged with #debt growth
The US gross national debt has surpassed $38 trillion, marking the fastest increase outside of the COVID-19 pandemic, raising concerns about higher inflation, borrowing costs, and future economic stability amid ongoing government spending debates.
The US national debt has surpassed $37 trillion, reaching this milestone years earlier than expected due to rapid growth driven by pandemic-related borrowing and recent legislative spending, raising concerns about increased costs for taxpayers and economic stability.
Americans are accumulating a record $1.18 trillion in credit card debt, with New Jersey, Maryland, Connecticut, Massachusetts, California, and Florida having the highest average balances, driven by inflation and elevated interest rates. While some states see slight declines, most are experiencing increases, with Georgia showing the fastest growth, highlighting ongoing financial strain on consumers.