Consumer Debt in the US Hits Record $17.8 Trillion in Q2 2024
992 sats \ 19 comments \ @TomK 7 Aug news
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Consumer debt hits record $16.9 trillion as delinquencies rise as wellwww.cnbc.com/2023/02/16/consumer-debt-hits-record-16point9-trillion-as-delinquencies-rise-as-well.html
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Can the US manage escalating debt without triggering a fiscal crisis?www.euronews.com/business/2024/04/25/can-the-us-manage-its-escalating-debt-without-triggering-a-fiscal-crisis
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US is paying a record amount of interest on its debt. It's going to get worsewww.cnn.com/2023/02/14/politics/interest-payments-federal-debt/index.html
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Americans spent >$1.1tn on interest payments alone last quarter.
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