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US assets far exceed US debts https://www.federalreserve.gov/releases/z1/20250313/html/recent_developments.htm https://www.federalreserve.gov/releases/z1/20250
by ta1243 1y ago
US assets far exceed US debts
https://www.federalreserve.gov/releases/z1/20250313/html/recent_developments.htm https://www.federalreserve.gov/releases/z1/20250313/html/rec...
If US private assets were used to "pay off" US government debt (much of which is owed to US private asset holders), then Americans would be about as rich as they were in 2020 (with about $140T instead of today's $170T)