3 ms·
Now do total debt: government + corporate + household Then add unfunded liabilities like pension benefits and healthcare promises for every federal, state and
by panarky 2mo ago
Now do total debt: government + corporate + household
Then add unfunded liabilities like pension benefits and healthcare promises for every federal, state and local government, school district and corporation.
A trillion of credit card debt is something like one half of one percent of total indebtedness.
- trhway 2mo ago>A trillion of credit card debt is something like one half of one percent of total indebtedness. exactly. it is just $4K/person. Whereis current US national debt is $120K/person.
- rchaud 2mo agoThe US doesn't default on his interest payments. The US consumer on the other hand....
- pocksuppet 2mo agoThe US has defaulted on its interest payments several times.
- JKCalhoun 2mo agoRegardless, this article is about one of those nearing record levels.
- pocksuppet 2mo agoBut beware the trap: total debt = total savings