America’s Debt Crisis Just Hit a Milestone Not Seen Since 2013
Source ↗
👁 1
💬 0
The post America’s Debt Crisis Just Hit a Milestone Not Seen Since 2013 appeared first on 24/7 Wall St..
Consumer spending can look healthy long after household budgets start to buckle. A purchase financed with borrowed money still registers as a sale, but it also creates a claim on tomorrow’s paycheck. For investors, the danger is mistaking spending that depends on fresh borrowing for demand that can sustain itself.
That is why America’s debt crisis deserves attention beyond t
Consumer spending can look healthy long after household budgets start to buckle. A purchase financed with borrowed money still registers as a sale, but it also creates a claim on tomorrow’s paycheck. For investors, the danger is mistaking spending that depends on fresh borrowing for demand that can sustain itself.
That is why America’s debt crisis deserves attention beyond t
Comments (0)