Featuring:
Chris Goodman, University of South Carolina (Moderator)
Fred Blavin, Urban Institute
Kelsey Chalmers, Lown Institute
Noam Levey, KFF Health News
Matthew Rae, KFF

On May 15, 2025, the Lown Institute convened policymakers, hospitals, patient advocates, researchers, and other experts on medical debt for a one-day, in-person conference. The discussion focused on the scope of the problem, key drivers, and emerging challenges and opportunities to address medical debt with a new administration.

Learn more about the event: https://lowninstitute.org/register-the-state-of-medical-debt-in-the-u-s/

Download our dataset: https://lowninstitute.org/projects/hospital-billing-and-collection-practices-a-national-data-set/#

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The US national debt has skyrocketed to a staggering $36.22 trillion, raising concerns about potential bankruptcy. The focus on this issue has intensified due to the alarming rise in interest payments, which have surged to an estimated $1.13 trillion for the fiscal year 2024. In this video, let’s uncover the problems the US economy faces, and whether they can stop a default.

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? ? CONTENTS ? ?
0:00 The US Debt Problem
6:20 Will the US Default?
8:20 The Statistic to Watch
12:00 Trump’s Dangerous Policies

My Podcast: https://www.youtube.com/c/TheYoungInvestorsPodcast

Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it’s appropriate for you. Read Brandon’s Financial Services Guide available from https://guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.

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Credit card debt has surpassed $1 trillion, and the average interest rate is over 21%. There are things to help get back on track if you’re dealing with debt.

For more Local News from KPHO: https://www.azfamily.com/
For more YouTube Content: https://www.youtube.com/channel/UCIrgpHvUm1FMtv-C1xwkJtw

#debt #studentloandebt #consumerism

Content note: depictions of a hospital/ medical emergency starts at 22:54, ends at 23:51.

Debt is an inescapable aspect of American life. Millennials and Gen Z have taken to social media platforms like TikTok, Instagram and X (formerly known as Twitter) to discuss their staggering 5 to 6-figure debt. From student loan debt to credit card debt to medical debt, a large segment of the American population is grappling with the debilitating anxiety that comes with being financially insecure. In this video, I dive into how America keeps its citizens in debt and what you can do to overcome this.

Sources:
Congress 2008 Recession Bailout
https://www.nytimes.com/2008/10/03/business/worldbusiness/03iht-bailout.4.16679355.html

How the Paycheck Protection Program went from good intentions to a huge free-for-all
https://www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness

Welcome to America! Now learn to be in debt
https://www.npr.org/2023/05/24/1175798797/immigrants-credit-score-credit-card-debt

Dignity Not Debt
https://www.ucpress.edu/books/dignity-not-debt/hardcover

The Making of the Indebted Man
https://mitpress.mit.edu/9781584351153/the-making-of-the-indebted-man/

Debt: The First 5,000 Years
https://warwick.ac.uk/fac/arts/english/currentstudents/undergraduate/modules/fulllist/special/statesofdamage/syllabus201516/graeber-debt_the_first_5000_years.pdf

Author Discussion on Debt
https://www.c-span.org/program/book-tv/author-discussion-on-debt/649913

Average American Household Debt Statistics
https://www.businessinsider.com/personal-finance/credit-score/average-american-debt

Household Debt and Credit
https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2024Q1

Kanye West, Tom Brady, Jared Kushner, Reese Witherspoon, other celebs had millions in PPP loans forgiven
https://www.mercurynews.com/2022/08/18/kanye-west-tom-brady-jared-kushner-reese-witherspoon-other-celebs-had-millions-in-ppp-loans-forgiven/

Consumer patriotism is the American way
https://www.vox.com/the-goods/22662889/september-11-anniversary-bush-spend-economy

New America Bank Account Study
https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/evidence-from-banks-entry-level-checking-accounts/

How race impacts credit: the history and effect on lending practices
https://www.bankrate.com/personal-finance/credit/does-race-affect-credit-score/#:~:text=Even%20though%20credit%20scoring%20models,more%20often%20than%20white%20applicants.

PG&E Bailout
https://www.abc10.com/article/news/local/abc10-originals/newsom-pge-protection/103-65ca1d41-8efe-45b4-87bc-0cdecc714378

https://www.abc10.com/article/news/investigations/gavin-newsom-pge-bailout-law-written-by-firm-that-had-represented-pge/103-4ffb6304-298d-41c2-816a-a8d2a3d66026

Keywords for the algo:
Debt, overconsumption, shopping addiction, consumer credit, credit cards, credit scores, consumer debt, personal finance, U.S. household debt, lending discrimination, mortgage loans, credit history, financial responsibility, U.S. economy, debt reliance, financial literacy, generational wealth predatory lending practices,, revolving credit, economic inequality, debtok, i’m in debt, government bailouts, student loans, auto loans, american education system

The US has over $35.8 trillion in debt. This is an insane number, and it’s a number that’s only going up. As a… not-so-fun bonus fact, the world has roughly $72.7 trillion in debt, meaning that the US alone accounts for almost half of the global debt level. Crazy stuff.

Naturally, this raises a few questions. Can the US repay its debt? More importantly, what happens if it can’t repay its debt, and goes into default? The answers to these questions are about as scary as you’d imagine. A US government debt default would not only cripple the US economy, but it would also send shockwaves around the entire global economy.

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~~~~~

???? Essential Videos ????

Debt Ceiling Explained ???? Will the United States Default!? Debt Ceiling Explained!!
US Bond Vigilante ???? They’re CONTROLLING The Government!! Know This!!

~~~~~

?? ???? Useful Links ???? ??

? Debt Ceiling: https://www.investopedia.com/terms/d/debt-ceiling.asp
? Global Impact: https://www.pbs.org/newshour/world/heres-what-would-happen-to-the-global-economy-if-the-u-s-defaults-on-its-debt
? Why Fiat Fails: https://news.bitcoin.com/how-fiat-money-fails-deconstructing-the-governments-paper-thin-promise/
? Life After Default (According to The White House): https://www.whitehouse.gov/cea/written-materials/2021/10/06/life-after-default/

~~~~~

– TIMESTAMPS –
0:00 Introduction to U.S. Debt Crisis
0:37 Debt Default Explained: What It Really Means
3:34 Global Impact: What Happens if the U.S. Defaults on Debt?
7:07 Rising Concerns Over U.S. National Debt
10:27 Potential Solutions to Prevent a U.S. Default
14:10 Who is Buying U.S. Debt? Key Foreign Investors
16:29 Market Crash: How a Debt Default Could Impact Investments
19:20 Conclusion and Next Steps for the U.S. Economy

~~~~~

???? Disclaimer ????

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#usdebt #debtcrisis #unitedstates

Discover the number one way to tackle the debt situation in the United States through smart fiscal policy and a focus on lowering the deficit. Learn why sustainable long-term debt management requires a country with sound financials, and how productivity and smart budgeting can lead the way. Explore examples, including Australia’s approach. #DebtManagement #FiscalPolicy #LoweringDeficit #FinancialSustainability #BudgetingTips #ProductivityMatters #UnitedStatesDebt #SmartFinance #DeficitReduction #FinancialStability

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Disclaimer: Any footage in this video is only used to convey a message (understandable) to the audience. To the best of my knowledge, this is fair use, under the review and commentary section. We do not plan to infringe on anyone’s rights. Thanks.

The United States is in the middle of the biggest debt bubble in history. In the past year, the U.S. national debt has surpassed the 30 trillion dollar mark, and now America has become the most indebted nation on the entire planet. But most people don’t even realize how this gigantic debt load can jeopardize our economic system.
If things don’t go exactly as we plan, and the U.S. loses its dominant position as the world’s wealthiest country, we will be forced to start paying off the enormous debt we accumulated. It goes without saying that we simply do not have that kind of money. This is leaving our country in an extremely fragile position relative to the rest of the world, particularly considering that many other countries hold our debt in the form of Treasury-backed securities.
Thirty years ago, the U.S. was already experiencing a horrific debt crisis, and our monetary decay was getting out of control. If only we had persisted in trying to solve that crisis during that period, then today things wouldn’t be so bad. If we had dealt with it before it became this big, then maybe we could have done things differently. But now, the national debt is 15 times larger than it was a decade ago, and we’re still adding more than a trillion dollars to that pile every single year.
In other words, all of this sense of prosperity we created is based on an illusion. It’s a false prosperity that has been bought by the biggest mountain of debt the world has ever seen. In fact, as if we weren’t in enough trouble already, Congress is planning to pass another 1.4 trillion dollar bill this year. Did you know that if you added up all forms of debt in the United States and divided it up equally every single family in the country would owe nearly $700,000? We must face the fact that we are a part of a nation that is absolutely addicted to debt, and the U.S. debt crisis is threatening to destroy the nation built by our forefathers.
We simply cannot fix this debt bubble under the current monetary system. What we are doing to the future of our children and our grandchildren is completely devastating. We are literally stealing from future generations. Conditions are rapidly shifting in our country, and a massive amount of financial pain is on the horizon. Now, more than ever, it is time for Americans to wake up, and take action while they still can. It is time for Americans to get extremely angry. Our future has been destroyed and the future of the next generations has also been destroyed. Enjoy this false sense of prosperity while you still can, because it is not going to last for much longer. Debt is a very cruel master, and our day of reckoning is right on the corner.
Today, we decided to compile some shocking figures that expose just how alarming the U.S. debt bubble really is.

For more info, find us on: https://www.epiceconomist.com/
And visit: http://theeconomiccollapseblog.com/

Nile Niami’s ‘The One’ is back in headlines due to the $165 million dollar debt being in default. We’ve been talking about The Most Expensive Home in America on this channel for a while. If you haven’t seen my tour of this amazing property, check it out!

LINK TO PART 1 OF MY TOUR VIDEO
-https://youtu.be/B-isl-_4p68

LINK TO PART 2 OF MY TOUR VIDEO
-https://youtu.be/Fa6ljXOiU8s

BECOME A CHANNEL MEMBER (FOR EXCLUSIVE CONTENT & MORE)
-https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/join

BOOK A PRIVATE ZOOM CALL TO TALK REAL ESTATE OR YOUTUBE!
-https://scottedward.youcanbook.me

CONTACT ME
-scottedwardllc@gmail.com

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– rich dad poor dad – https://amzn.to/3w4HZ7X
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The One is known by a lot of people now as the biggest and most expensive home in the urban world. It was once rumored to be priced at $500 million dollars, but has had some recent financial trouble due to the developer Nile Niami not staying current on his loans, and dragging out the build process. CNBC did this article titled “Most expensive home in America defaults on $165 million in debt, heads for sale” and I had to react to the article, because we have been talking about The One here on my channel for months now. Let me know what you think about the latest developments around Nile Niami’s $500 million dollar home. And don’t forget to check out the tour that I did of The One here on my YouTube channel! (links above)

I hope that you help this video to help helpful and if you have additional questions please leave them in the comments below! I look forward to sharing more with you guys about my real estate journey. I have flipped houses, done spec building, been into wholesaling, commercial real estate, and have a pretty well rounded finance background as well.

See you next video!

-Scott

#theone #nileniami #500milliondollarhome

Disclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. And one more thing.. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel.