Report: U.S. Debt Crisis Will Directly Harm Families, Students, Retirees

Report: U.S. debt crisis will directly harm families, students, retirees

(The Center Square) – As the national debt quickly approaches $40 trillion, economists warn that skyrocketing deficits will distinctly impact Americans of all generations, including students, families and retirees.

Report: America's Rising Debt Hits Families and Businesses in 4 Key Areas

/PRNewswire/ -- The nearly $40 trillion national debt may seem removed from Americans' everyday lives, but its consequences are increasingly tangible. A new...

U.S. Debt Is Set to Hit $40 Trillion

“The U.S. national debt is likely to surpass $40 trillion this week, months earlier than forecasters previously expected in part because of billions of dollars in lost revenue from President Donald Trump’s invalidated tariffs,” the Washington Post reports.

National Debt Nears $40 Trillion as Interest Costs Surge

WASHINGTON, D.C. — The U.S. national debt is approaching $40 trillion, a record milestone that economists warn reflects years of rising deficits, higher borrowing costs and repeated failures by both parties to confront the government’s long-term fiscal imbalance. PBS NewsHour reported that annual interest costs on the debt now exceed $1.2 trillion, meaning the federal government spends more servicing past borrowing than it does on national defen…