New Debt Numbers Have Dropped....and It's Not Good
New Debt Numbers Just Dropped, and it's Not Good
Heresy Financial: 2-20-2023
Have you ever wondered why Americans have so much debt?
This is a problem that has gotten worse for most of our history, and there's rarely been a time when our debt numbers have ever improved.
And the latest data has just been released showing that U.S. household debt has surged from the latest quarter. Not only that, but the $394 billion that we added to household debt was the largest increase in 20 years, bringing the total to a record at 16.9 trillion.
We are this close to making it to 17 trillion. Do you think we can? I think we've got it. Let's do it.
Timecodes
0:00 Video Introduction
0:50 Housing and Non-Housing Debt
3:53 Bear Market Investing Guide
4:16 Cultural Issue of Americans and Debt
5:41 Structural Issue of Americans and Debt
8:29 Inflationary Monetary System