VTI - The U.S. Debt Crisis: Explained
2024-07-15 23:57:16 ET
Summary
- Public debt in the United States is nearly $35 trillion, rising 23% in the last four years alone.
- Private debt in the United States totals almost $66 trillion.
- The debt buildup in the post-2007 period was most rapid in the federal government and multi-family apartment sectors.
Like nearly all other developed nations, the United States is facing a severe debt problem.
Today, public debt is nearly $35 trillion, rising approximately 23% in the last four years alone.
But public debt only tells one half of the entire story: what the government owes....
The U.S. Debt Crisis: Explained