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America's Growing Debt Burden

Growing Debt Burden by chris@kilmerco.com

References

Government Debt Has Grown Dramatically

  • https://fred.stlouisfed.org/series/GFDEBTN/

The Annual Interest Payments our Government Must Pay on its Debt has Grown as Well

  • https://fred.stlouisfed.org/series/A091RC1Q027SBEA

Our Nation's Growing Debt Makes our Economy Increasingly Sensitive to Rising Interest Rates

  • https://fred.stlouisfed.org/series/fedfunds

Our Nation's Financial Situation is Expected to Only Grow Worse Over Time Thanks to our Debt

  • https://www.cbo.gov/system/files/2022-05/57950-Outlook.pdf

The U.S. Government's Financial Situation is Expected to Only Grow Worse Over Time Thanks to our Debt

  • https://www.cbo.gov/system/files/2022-05/57950-Outlook.pdf

Trust in our Government as a Borrower is Waning

  • https://youtu.be/x5Kr8Gry_Lc
  • https://youtu.be/APeP8nhYbsA
  • https://youtu.be/q8WdeRVoaJs

American Households are Struggling With Debt

  • https://www.msn.com/en-us/money/personalfinance/americans-personal-savings-have-fallen-off-a-cliff-brace-yourself-for-just-how-much-they-have-declined/ar-AA13me4m
  • https://wraltechwire.com/2023/06/15/broke-generation-64-of-gen-xers-have-stopped-saving-for-retirement/
  • https://www.marketwatch.com/picks/nearly-4-in-10-americans-now-struggle-to-pay-their-usual-bills-heres-the-no-1-reason-why-2b4d7e04
  • https://www.forbes.com/advisor/student-loans/average-student-loan-debt-statistics/
  • https://www.newyorkfed.org/newsevents/news/research/2022/20221115
  • https://www.usatoday.com/story/money/economy/2023/02/16/credit-card-debt-record-high-and-delinquencies-rising/11271305002/
  • https://www.cnbc.com/2023/02/04/auto-loan-delinquencies-rise-what-to-do-if-you-struggle-with-payments.html
  • https://www.theepochtimes.com/more-americans-turning-to-buy-now-pay-later-apps-for-everyday-buys-survey_5232967.html
  • https://www.msn.com/en-us/money/personalfinance/consumers-rack-up-record-credit-card-debt-as-pandemic-savings-dwindle/ar-AA1aRrd8
  • https://www.businessinsider.com/personal-finance/average-credit-card-interest-rate?op=1
  • https://www.businessinsider.com/us-economy-recession-risk-personal-savings-collapse-55-trillion-inflation-2023-7
  • https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/
  • https://www.msn.com/en-us/money/markets/car-payment-defaults-hit-29-year-high-as-borrowing-costs-surge/ar-AA1iI4vo?cvid=68e1b9096e904bfb9c567e976d62b0ff&ocid=winp2fptaskbar&ei=51
  • https://www.msn.com/en-us/money/companies/walmart-lets-customers-buy-now-pay-later-at-self-checkout/ar-AA1mdgT3



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