U.S. financial voices express concern over record-high $33.1 trillion national debt and potential shift towards more frugal spending.
U.S. panic over national debt could mark a shift towards more frugal spending habits and a possible adoption of a more European approach to money. Major financial voices in the U.S. have expressed concern over the skyrocketing public debt, with the national debt reaching a record-high $33.1 trillion, resulting in a debt-to-GDP ratio of 121%. Each American is now in equivalent debt of $100,000.
April 26, 2024
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