Monday, August 19, 2024

Thanks To The Cost Of Living Crisis, U.S. Household Debt Has Soared To The Highest Level Ever Recorded

Our entire economy is fueled by debt.  In fact, if going into more debt was suddenly banned the U.S. economy would instantly hit a brick wall.  For the vast majority of us, our lifestyles simply cannot be funded by what we actually make.

ORIGINAL LINK: https://michaeltsnyder.substack.com/p/thanks-to-the-cost-of-living-crisis