Consumer and national debts are growing exponentially. The unsustainable nature in which we borrow money in order to maintain our economic system is the perfect definition of a bubble. But when will it burst and what will it look like?
Learn More:
Americans’ household debt surpasses $16T for first time | The Hill
Average American Debt: An Overview | First Republic Bank
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says (cnbc.com)
17 Canadian Household Debt Statistics [Updated in 2022] (reviewlution.ca)
Canada Households Credit Market Debt to Disposable Income - 2022 Data - 2023 Forecast (tradingeconomics.com)
Debt owned by U.S. households by type 2022 | Statista
Car Owners Strain as More Loan Payments Soar to $1,000 - Bloomberg
The U.S. Consumer Debt Crisis
What is Behind America's Credit Card Debt Crisis? - InvestorsObserver
Consumer Debt Isn’t Stressing Banks — Yet - The Washington Post
US Economic Collapse: What Would Happen? (thebalancemoney.com)
Recession could be U.S. banks’ guilty pleasure | Reuters
Will the Banks Collapse? - The Atlantic
Consumer debt is at an all-time high. Should banks be worried? | American Banker
https://www.truthinaccounting.org/about/our_national_debt?gclid=Cj0KCQiA_P6dBhD1ARIsAAGI7HAGTpK7ZXOnvyAnoyAAysPmvwcwk9qjEl5kA3VyHGzkFfaDwu_67ekaAs4wEALw_wcB
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.nytimes.com/2023/01/11/us/politics/debt-ceiling-economy-congress.html
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