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Fastest Four: USA Debt Explodes!!!
Manage episode 515367428 series 3033836
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The U.S. national debt just crossed $38 trillion — up $3 trillion in only 12 months. What does that mean for interest rates, inflation, and your retirement savings? In this week’s Fastest 4 Minutes in Finance, Scott Inman breaks down the real impact of America’s exploding debt and why it’s more than just a Washington headline. You’ll learn:
- Why economists say the debt-to-GDP ratio matters more than the total number
- How rising interest costs threaten programs like Social Security
- Why an unchecked debt could weaken the U.S. dollar and your long-term wealth
Don’t miss this quick breakdown of one of the biggest financial threats facing America’s future — and what it could mean for yours.
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