All articles tagged with #economic future
U.S. consumer confidence rebounded in mid-December, with the University of Michigan's survey showing a surge in sentiment to 69.4 points from 61.3 in November, surpassing economists' expectations. The increase in confidence is attributed to easing inflation, leaving Americans feeling more positive about the economic future.
The US public debt has surged by $57.2 billion in just four days, reaching over $32 trillion. Billionaire investor David Rubenstein warns that the US can only manage its increasing debt through inflation, exacerbating income inequality. Rubenstein highlights the clash between older and younger generations over retirement benefits and inadequate funding for social programs. He calls for younger leaders in government and business to drive fresh ideas and address the country's economic future, as he believes America's global economic dominance is waning.