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Explore the staggering US national debt and its impact! We compare it to individual debt, discuss rising interest costs, and how our government uses debt like a credit card. Learn about the chronic trade deficit. #NationalDebtExplained #NationalDebt #USEconomy #DebtCrisis #GovernmentSpending #TradeDeficit #EconomicAnalysis #FiscalPolicy #DebtManagement #FinancialLiteracy #Economics101 | Daily Insights Today
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Americans’ household debt levels – including mortgages, car loans, credit cards and student loans – are now at a new record high, data shows. Total household debt reached $18.59 trillion from July through September of this year, up by $197 billion from the previous quarter. Overall debt levels are up by $4.4 trillion since the end of 2019, just before the pandemic recession. Read more at link in bio. https://abcnews.link/p3MWGJ5 | ABC News
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