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Tag: US debt crisis

Americans Losing Hope in Social Security

Young Americans know that they are forced to pay into a system that will produce returns. A new study by AARP found that confidence in Social Security has plummeted...

China Continues to Offload US Treasuries

China has been offloading its US Treasury holdings for years. Once the top holder of US debt, China cut its US Treasury holdings for the third consecutive month...

US Deficit Surpassed $1 Trillion in February

According to the Treasury Department, America’s deficit surpassed the $1 trillion mark this February. The deficit reached $307 billion for the month, marking a...

US Budget Deficit Third-Highest on Record

The United States Treasury reported a $1.833 trillion budget deficit for the fiscal year ending September 30. This marks the third-highest deficit on record, but it...

$2.4 Billion Daily – Servicing the US National Debt

Serving debt is the largest cost of Washington’s debt crisis; America currently spends $2.4 billion in daily interest fees alone. The debt and spending simply...

American Households Hold Record Debt Q1 2024

The New York Federal Reserve reported that American households set a new record after plummeting into $17.69 trillion of debt, a 1.1% ($184 billion) increase from...

Gen X No Longer Saving for Retirement

(click on the image above for a clear view) A new survey by Clever Real Estate shows that 64% of Gen Xers have stopped saving for retirement. These are the people...

United States Debt Downgraded to AA+

Inflation was transitory. Now, the credit rating of the United States plummeting from AAA to AA+ by Fitch is “arbitrary,” according to Treasury Secretary Janet...