US Economy: Debt Is Breaking America's Back, Gnawing At Her Freedom
The bulging US debt situation is worsening as the nation battles overflowing debt numbers on all frontiers. The United States is currently busy handling a bleeding debt crisis on its hands that, if left uncontrolled, has the potential to paralyze the nation from all sides. Also Read: Ripple: After Reaching $1, XRP Predicted to Hit $2: Here’s How The United States’ Debt Situation Is Overflowing: What’s Happening? Image Source: Watcher Guru A recent post by the notable Kobeissi Letter brought forth a compelling insight to ponder. The platform uploaded the recent list of segmental debt metrics that the US is currently bursting with. For instance, the platform outlined that the US is currently battling internal debt issues associated with diverse sectors, including households and mortgages. Per KL, the US currently has a record $179 trillion in household debt. The aforementioned stats are followed by a record $12.6 trillion in mortgages, as well as $1.6 trillion in auto loans. S...