🚨 U.S debt interest hits $1 trillion for the first time!
And it's projected to hit $3 trillion by 2030.
The Federal government has borrowed trillions but who owns all that debt? 79% of Americans
Here’s what you can do:
And it's projected to hit $3 trillion by 2030.
The Federal government has borrowed trillions but who owns all that debt? 79% of Americans
Here’s what you can do:
Know that the interest on the debt is now the government’s third biggest expense after Social Security and Medicare.
Two key factors have driven the surge in net interest payments:
First, the government borrowed trillions to support households and the economy during the pandemic, avoiding tax hikes.
Two key factors have driven the surge in net interest payments:
First, the government borrowed trillions to support households and the economy during the pandemic, avoiding tax hikes.
Second, the Federal Reserve's interest rate hikes starting in 2022 to combat inflation have increased the cost of servicing this debt.
While the Fed plans to gradually lower rates beginning next week, budgetary pressures are expected to persist in the coming years.
Why this matters to you:
While the Fed plans to gradually lower rates beginning next week, budgetary pressures are expected to persist in the coming years.
Why this matters to you:
This impacts you directly through higher taxes or reduced spending on services.
For 330 million Americans, $1 Trillion is $3,000 per person.
So if you're a family of four, the government spent ~$12,000 so far this year on your behalf just to cover interest payments.
Borrowing more to cover expenses increases the debt, creating a cycle of higher interest payments.
For 330 million Americans, $1 Trillion is $3,000 per person.
So if you're a family of four, the government spent ~$12,000 so far this year on your behalf just to cover interest payments.
Borrowing more to cover expenses increases the debt, creating a cycle of higher interest payments.
The Treasury pays about $2.4 billion per day, on average, for interest. And unless we change course, that will rise to $4.7 billion per day in 2034.
This year’s high interest bill isn’t a one-year phenomenon, it’s part of a trend that stretches out into the future,
Any way you look at it, interest cost on the national debt will soon be at an all-time high.
This year’s high interest bill isn’t a one-year phenomenon, it’s part of a trend that stretches out into the future,
Any way you look at it, interest cost on the national debt will soon be at an all-time high.
We'll either repeal this or violate it. Either way, it won't end well.
Here's how you can save yourself:
Build a cash-flowing asset that will protect you no matter what happens.
You just need a laptop, $5k for inventory and a 700+ credit score.
Here's how you can save yourself:
Build a cash-flowing asset that will protect you no matter what happens.
You just need a laptop, $5k for inventory and a 700+ credit score.
-Find a popular product (e.g. Nike, Puma, Adidas).
-Buy them at a discounted price online.
-List the product on Amazon and start selling.
Repeat the process with more inventory and send it to a 3rd party center to handle everything hands-free.
It's that simple!
-Buy them at a discounted price online.
-List the product on Amazon and start selling.
Repeat the process with more inventory and send it to a 3rd party center to handle everything hands-free.
It's that simple!
Fast forward today, I have 10X’d my net worth, got in the best shape of my life, and no longer worry about money.
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Thanks for reading!
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Thanks for reading!
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