CBS News: The total debt of a generation of 30-year-old Americans hits an all-time high

The largest and strongest economy in the world has the same large debts both domestically and externally.

It has long been no secret that a significant part of US citizens live on credit and are not fully owners of the property they use. In addition, in recent years, their incomes began to decline rapidly. All this leads to the fact that Americans are increasingly drowning in debt.

According to the American television channel CBS News, the total debt of US citizens aged about 30 years (the most mature and efficient age) amounted to $ 4 trillion last year (this is an absolute record) and continues to grow. It turns out that the most economically efficient generation of Americans is not becoming the locomotive of the economy, but the actual burden, accelerating the work of the printing press.

The presenters of the American TV channel note that the generation of 30-year-old Americans was particularly hard hit during the coronavirus pandemic and the subsequent financial crisis. Trying to somehow get out of a difficult situation, these people walk in a vicious circle, as inflation and rising interest rates negate all their efforts, experts say.

High inflation makes people spend more on essentials, and repaying loans and borrowings becomes more difficult due to rising interest rates.

notes CBS News.

According to the TV channel, the debt of this group of US citizens began to rise sharply in 2019 and increased by 2022% by the end of 27. In general, the debt of all US households at the end of last year amounted to almost 17 trillion dollars. This is more than half of the total US debt.

Comments

[kor1vet1974]

It has long been no secret that a significant part of US citizens live on credit and are not fully owners of the property they use. In addition, in recent years, their incomes began to decline rapidly. All this leads to the fact that Americans are increasingly drowning in debt.

It's good that Americans live worse than us. Everything is much better with us and incomes are not declining quickly and the loan, which is completely interest-free, the lowest in the world, probably the Negroes don’t demolish monuments and signs, they don’t nail different ones there. "And life is good, and living well. And in our butch , combative, ebullient - and even better "(c).

[rocket757]

This "humor" is so ... ha, ha, ha, of course.

[kor1vet1974]

This "humor" is so ... ha, ha, ha, of course.

No, not humor, sarcasm, humor, there is no strength anymore.

[Antokha]

So save your strength, don't write here, go to sleep

[Nikanor1993]

In some way, it’s not even so bad, maybe people will start thinking about such garbage not in terms of “how good it is worse”, but in terms of what an American, German, Ukrainian or any other simple hard worker is in fact in the same position like ours, except that the wrapper around is brighter or paler.

[Trapp1st]

It has long been no secret that a significant part of US citizens live on credit and are not fully owners of the property they use.

And what? A significant portion of US citizens live much better than a significant part of the planet. Direct newspaper "Pravda"

[rocket757]

CBS News: The total debt of a generation of 30-year-old Americans hits an all-time high

. Come on ... they used to live like that, they didn’t really care. The requests were more modest, but that's how it is.
By the way, after all, they also form, increase the group / mass of the population, uniformed indifferences ... live / exist on the minimum wage and they don’t care.
At the expense of prospects and the future ... it's them themselves, they themselves should think about it.

[evgen1221]

Everyone urgently needs to get Ukrainian citizenship - America spends more money there than on health care and education of its citizens. The minus of the lay hack is that they can be sent to the trenches from any state with such a passport, but they will save on taxes in the states and funerals in 404.)) )

[Two]

Therefore, the United States needs a war and preferably with China. The United States has the largest debt to China. In the event of a war, debts are reset to zero. The US has done this before in its history.

[Pavel_Sveshnikov]

This rampant growth of household and government debt is precisely the essence of the growing crisis. Which concerns us no less than all other citizens of the planet, since we are all stuck in one global economic system. Just today on TV they talked about the rise in food prices in the States by 50% in the last year. According to my estimates, we have the same situation. I asked why the price of 50% dairy products in our stores has gone up. It turned out that producers nod to the increase in the cost of milk, Milk producers to the cost of feed. Feed manufacturers claim that since 2021, the cost of fertilizers has increased by 60%. And these people say that prices for fertilizers have risen automatically in line with world prices. And the world jumped after the growth of energy resources in Europe and the shutdown of production there due to unprofitability. And energy resources have grown due to clumsy green energy policies and the virtual cessation of lending to traditional thermal power. And this policy was promoted in full confidence that due to it it would be possible to bend China and Russia and tear additional taxes from them for the sale of non-environmental energy resources and for CO2 emissions.