Today we’re talking about the United States Governments’ debt load. We all know its grown to a monstrous stack of $30 trillion us dollars.

So the question on everyone’s mind is, as the debt, and the cost of the debt keeps growing, how long can they go before they default on their debt?

In this video, I’m going to give you the answer to this and it might surprise because it’s probably not what you’d expect to hear.

Timecodes
0:00 Video Overview
0:48 Intro
0:55 How Much The Debt Has Grown
2:01 Interest Rates and Debt
6:01 How Will The Government Afford to Pay Debt Obligations
9:22 Implications of Rising Interest Rates
11:06 Why Has The Balance Sheet Grown So Much
13:33 How Deep Will Deficits Stay?
17:38 Outro

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#USDebt #Defaults #InterestRates

Inflation continues to have a big impact on Americans’ budgets with many falling behind on their car loans and credit cards. NBC News’ Tom Costello has more details on the debt impacting wallets across the country.

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#NBCNews #CreditCard #Debt

It began with a ghost in his bedroom. A tormented soul hungry for vengeance. The sort of nocturnal visitation that even a five-hundred-year-old vampire like Henry Fitzroy found tiresome. It would lead Vicki Nelson, PI into her most deadly investigation yet. The wraith is determined that Henry and Vicki track down its killer – and is prepared to use a little persuasion by way of the innocent inhabitants of Toronto to ensure their support. Forced to investigate, Vicki discovers a host of souls in desperate torment and evidence to suggest that trailing the killer will only lead to further deaths – starting with her own.

Collected here, the Massey Lectures from legendary novelist Margaret Atwood investigate the highly topical subject of debt. She doesn’t talk about high finance or managing money; instead, she goes far deeper to explore debt as an ancient and central motif in religion, literature, and the structure of human societies. By looking at how debt has informed our thinking from preliterate times to the present day, from the stories we tell of revenge and sin to the way we order social relationships, Atwood argues that the idea of what we owe may well be built into the human imagination as one of its most dynamic metaphors. Her final lecture addresses the notion of a debt to nature and the need to find new ways of interacting with the natural world before it is too late.

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The “D” word. Get your mind out the gutter we are not talking about that D.

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In this lively history of consumer debt in America, economic historian Louis Hyman demonstrates that today’s problems are not as new as we think.
 
Borrow examines how the rise of consumer borrowing—virtually unknown before the twentieth century—has altered our culture and economy. Starting in the years before the Great Depression, increased access to money raised living standards but also introduced unforeseen risks. As lending grew more and more profitable, it displaced funds available for business borrowing, setting our economy on an unsustainable course. Told through the vivid stories of individuals and institutions affected by these changes, Borrow charts the collision of commerce and culture in twentieth-century America, giving an historical perspective on what is new—and what is not—in today’s economic turmoil.

A Paperback Original

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As the U.S. economy sees increased inflation and interest rates, many young adults are finding themselves sinking deeper into debt. Catey Hill, managing editor for MarketWatch Picks, joined CBS News to discuss how accumulating debt could have a long-term effect on Gen-Z Americans.

#genz #news #debt

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