https://www.usdebtclock.org/ https://www.usdebtclock.org/ Federal debt more than $250K per taxpayer. Doesn't include state-level debt and unfunded liabilities

https://www.usdebtclock.org/ https://www.usdebtclock.org/ Federal debt more than $250K per taxpayer. Doesn't include state-level debt and unfunded liabilities such as public employee pensions. Interest payments on the debt alone now exceed spending on defense https://fred.stlouisfed.org/series/A091RC1Q027SBEA https://fred.stlouisfed.org/series/A091RC1Q027SBEA https://fred.stlouisfed.org/series/FDEFX https://fred.stlouisfed.org/series/FDEFX In order to pay these bills, they will have to print more money. Those seeking to protect the value of their wealth will pour it into real estate, equities, and other assets. This is what the hollowing out of the middle class looks like. The asset holding class will absorb the wealth effect of higher valuations, and wage & salary workers will see their discretionary income diminished as inflation puts healthcare, housing, and education further out of reach.