# US debt surpasses $40T milestone; fiscal and political rift

> Live situation record from CLSTR: https://clstr.news/situations/rising-household-and-global-debt-heightens-economic-stress
> Updated: 2026-09-20T13:00:00.000Z. Sources: 337. Developments: 64.

By late August 2026, the U.S. national debt officially surpassed $40 trillion, a milestone following a period where total public debt more than doubled from early 2017 levels. The Congressional Budget Office projects a $1.9 trillion federal deficit for fiscal year 2026, with annual deficits potentially reaching $3.1 trillion by 2036. The 2025 reconciliation law and related debt-service costs are estimated to add an additional $4.7 trillion to projected deficits. Economists attribute this accumulation to sustained budget deficits, pandemic-era spending, rising defense costs, and tax reductions for high earners. Recent data suggests the acceleration toward this $40 trillion threshold was driven by significant expenditures related to the war against Iran and tariff reimbursements. Annual interest payments have exceeded $1 trillion, creating a cycle where the government borrows to service existing debt. This fiscal pressure is compounded by rising yields, with ten-year Treasury yields rising from below 4% at the start of 2026 to 4.6%. As of mid-September 2026, the debt reached approximately $40.047 trillion. Recent reports indicate that annual interest expenditures have surged to an annualized $1.247 trillion, up from $564 billion in 2019. This increase is attributed to high debt levels, inflation, and competition for capital from AI companies in the bond market. Ten-year Treasury yields have continued to climb, approaching 5%. Long-term projections from the Congressional Budget Office suggest debt could reach $64 trillion by 2036, while the Government Accountability Office warns that debt held by the public could reach 251% of GDP by 2056. Jeffrey Gundlach, CEO of DoubleLine Capital, has warned that the next economic downturn could trigger a debt crisis, potentially challenging the assumption that government bonds serve as a safe haven.

## Claims

- The U.S. is running a fiscal deficit of approximately $1.8 trillion. (disputed by 2 sources)
- The United States pays approximately $3 billion in interest on its accumulated debt every day. (disputed)
- The US budget deficit for the current fiscal year is estimated at $2.1 trillion. (disputed)
- The Congressional Budget Office projects a federal deficit of $1.9 trillion for the current year. (disputed)
- The U.S. national debt has surpassed $40 trillion. (corroborated by 18 sources)
- Tax cuts for the wealthy, inflation from the Middle East war, and import tariffs are primary drivers of the debt. (corroborated by 8 sources)
- The US is not at risk of insolvency because it issues its own currency and the dollar is a global reserve currency. (corroborated by 8 sources)
- Debt interest payments reached US$ 1.1 trillion, more than double the US$ 419 billion spent in 2021. (corroborated by 8 sources)
- Military spending is approaching US$ 1 trillion. (corroborated by 8 sources)
- The 30-year U.S. Treasury yield reached levels not seen since 2007. (corroborated by 7 sources)

## Timeline

### 2026-09-20: US national debt surpasses $40 trillion

US national debt has exceeded $40 trillion. Treasury Secretary Scott Bessent is utilizing short-term debt issuance and long-term security buybacks to manage rising interest rates and a $2 trillion annual budget

2 sources. https://clstr.news/cluster/us-national-debt-surpasses-40-trillion-1

### 2026-09-18: United States debt concerns rise as interest costs surge

Rising US national debt and interest rates have pushed annual interest expenditures to $1.247 trillion, prompting warnings of a potential debt crisis during the next recession.

2 sources. https://clstr.news/cluster/united-states-debt-concerns-rise-as-interest-costs-surge

### 2026-09-17: United States faces economic scrutiny over debt and trade

The US faces economic scrutiny due to a $40 trillion debt, rising Treasury yields, and trade tensions with partners like Canada, leading to global efforts to diversify away from the dollar.

2 sources. https://clstr.news/cluster/united-states-faces-economic-scrutiny-over-debt-and-trade

### 2026-09-06: United States national debt surpasses $40 trillion

The US national debt has surpassed $40 trillion, with annual interest payments exceeding $1 trillion for the first time, driven by tax legislation and rising borrowing costs.

22 sources. https://clstr.news/cluster/united-states-national-debt-surpasses-40-trillion-14

### 2026-09-05: US national debt poses systemic risk to global economy

Concerns are raised regarding the systemic risks posed by the rising United States national debt and its potential impact on global financial stability and individual investment strategies.

2 sources. https://clstr.news/cluster/us-national-debt-poses-systemic-risk-to-global-economy

### 2026-09-03: United States national debt surpasses $40 trillion

The US national debt has exceeded 40 trillion USD, pushing the debt-to-GDP ratio to roughly 124% amid ongoing debates over tax cuts and military spending.

4 sources. https://clstr.news/cluster/united-states-national-debt-surpasses-40-trillion-13

### 2026-09-03: US federal debt hits $40 trillion amid shifting bond market trends

US federal debt has hit $40 trillion as Norway’s sovereign wealth fund proposes reducing its US Treasury holdings by $75 billion to seek higher risk premiums.

2 sources. https://clstr.news/cluster/us-federal-debt-hits-40-trillion-amid-shifting-bond-market-trends

### 2026-09-03: US public debt reaches historic $40 trillion milestone

U.S. public debt has hit a record $40 trillion, driven by war spending and tariff costs, amid rising bond yields and a growing global debt-to-GDP ratio.

2 sources. https://clstr.news/cluster/us-public-debt-reaches-historic-40-trillion-milestone

### 2026-08-31: United States national debt surpasses $40 trillion

The U.S. national debt has exceeded $40 trillion, raising alarms over fiscal stability, rising bond yields, and the potential 2032 depletion of the Social Security trust fund.

12 sources. https://clstr.news/cluster/united-states-national-debt-surpasses-40-trillion-11

### 2026-08-28: United States faces fiscal crisis and constitutional decline

The United States faces critical challenges as national debt exceeds $40 trillion and constitutional norms decline, marked by rising deficits and concerns over presidential authority and military oversight.

2 sources. https://clstr.news/cluster/united-states-faces-fiscal-crisis-and-constitutional-decline

### 2026-08-27: US national debt debate intensifies over Social Security and Medicare cuts

Critics argue that proposals to cut Social Security and Medicare to manage the US national debt are driven by previous tax cuts rather than moderate fiscal necessity.

2 sources. https://clstr.news/cluster/us-national-debt-debate-intensifies-over-social-security-and-medicare-cuts

### 2026-08-26: United States national debt surpasses $40 trillion

The U.S. national debt has crossed $40 trillion, driven by tax cuts, military spending, and rising interest costs. Treasury Secretary Scott Bessent has announced bond buybacks to manage market volatility.

53 sources. https://clstr.news/cluster/united-states-public-debt-surpasses-40-trillion-milestone

### 2026-08-14: U.S. federal debt accelerates toward $50 trillion projection

U.S. federal debt is accelerating toward a projected $50 trillion by 2029, sparking criticism over fiscal policy and rising interest costs.

5 sources. https://clstr.news/cluster/us-federal-debt-accelerates-toward-50-trillion-projection

### 2026-08-14: United States national debt approaches 40 trillion dollars

The United States national debt is nearing 40 trillion dollars, raising concerns about systemic economic stability and the impact of continued government spending.

2 sources. https://clstr.news/cluster/united-states-national-debt-approaches-40-trillion-dollars

### 2026-08-10: United States federal debt approaches $40 trillion milestone

The U.S. federal debt is approaching $40 trillion, driven by military spending, pandemic relief, and a multi-trillion dollar gap between annual revenues and expenditures.

4 sources. https://clstr.news/cluster/united-states-federal-debt-approaches-40-trillion-milestone

### 2026-07-20: US fourth‑quarter GDP growth slows, Fed may cut rates later

U.S. Q4 2025 GDP grew 1.4% versus a 3% forecast, weighed down by lower government spending; consumer and business spending expected to rebound, and the Fed may cut rates later this year.

2 sources. https://clstr.news/cluster/us-fourthquarter-gdp-growth-slows-fed-may-cut-rates-later

### 2026-07-20: Capital One Wins Dismissal of Credit‑Card Rate Lawsuit Ahead of Q2 Earnings Report

Capital One defeated a credit‑card rate lawsuit and is gearing up to report Q2 earnings, highlighting $1.8 billion in Discover integration costs and investor expectations.

10 sources. https://clstr.news/cluster/capital-one-wins-dismissal-of-creditcard-rate-lawsuit-ahead-of-q2-earnings-report

### 2026-07-15: Global Liquidity Cycle Signals Market Headwinds Ahead

Market analysts warn that a declining global liquidity cycle, projected $40 trillion in debt rollovers by 2027 and rising U.S. Treasury issuance, creates significant headwinds for investors.

2 sources. https://clstr.news/cluster/global-liquidity-cycle-signals-market-headwinds-ahead

### 2026-07-14: US Treasury records $233 billion net foreign purchase of long‑term securities in May

Foreign investors bought a net $233 billion of long‑term U.S. Treasuries in May, far outpacing previous months and keeping yields low, while private foreign buyers led the surge and some holdings are linked to

2 sources. https://clstr.news/cluster/us-treasury-records-233-billion-net-foreign-purchase-of-longterm-securities-in-may

### 2026-07-12: Consumer warnings highlight risks of revolving credit cards

Credit cards help finances if managed well, but OCU warns that revolving cards carry high fees and risk long‑term debt.

3 sources. https://clstr.news/cluster/consumer-warnings-highlight-risks-of-revolving-credit-cards

### 2026-07-11: U.S. debt tops $39 trillion, sparking fiscal and Bitcoin‑Act debate

U.S. debt exceeds $39 trillion, with monthly $155 billion borrowing and interest outlays of $24 billion a week, while Senator Cynthia Lummis pushes a Bitcoin Act to let the Treasury buy up to 1 million BTC.

3 sources. https://clstr.news/cluster/us-debt-tops-39-trillion-sparking-fiscal-and-bitcoinact-debate

### 2026-07-11: United States government faces $23.8 billion weekly interest burden in FY 2026

The CBO says the U.S. will pay $23.8 bn in weekly interest in FY 2026, with debt at $39.4 tn and a $1.4 tn deficit, prompting warnings about fiscal sustainability.

2 sources. https://clstr.news/cluster/united-states-government-faces-238-billion-weekly-interest-burden-in-fy-2026

### 2026-07-11: Consumers with multiple credit cards face hidden costs

Rising credit‑card counts per person expose consumers to missed rewards, mounting fees, interest traps and credit‑score impacts, prompting advisers to treat card use as a budget portfolio.

4 sources. https://clstr.news/cluster/consumers-with-multiple-credit-cards-face-hidden-costs

### 2026-07-10: US federal deficit nears $2 trillion as debt interest and entitlement spending surge

CBO data shows the U.S. FY2026 deficit hit $1.373 trillion in nine months, driven by rising debt‑interest costs and higher Social Security, Medicare and Medicaid spending, pushing the full‑year shortfall toward

2 sources. https://clstr.news/cluster/us-federal-deficit-nears-2-trillion-as-debt-interest-and-entitlement-spending-surge

### 2026-07-07: Japan’s Possible Treasury Dump Raises Global Debt Fears

Japan may dump over $1 trillion of U.S. Treasuries to support the yen, risking a surge in yields and a global debt market shock.

2 sources. https://clstr.news/cluster/japans-possible-treasury-dump-raises-global-debt-fears

### 2026-07-06: Debt borrowers seek credit counseling amid fatigue

Credit counseling helps borrowers create budgets, negotiate lower rates, and consolidate payments, while strategies to fight debt fatigue include milestone tracking and regular budget reviews.

3 sources. https://clstr.news/cluster/debt-borrowers-seek-credit-counseling-amid-fatigue

### 2026-07-05: US Dollar Outlook and $40 Trillion Debt Raise Market Concerns

Analysts expect a US dollar rally while US federal debt nears $40 trillion, sparking worries about the Treasury market and global financial stability.

6 sources. https://clstr.news/cluster/us-dollar-outlook-and-40-trillion-debt-raise-market-concerns

### 2026-07-04: U.S. Treasury Debt Surpasses $39 Trillion, Japan and China Lead Foreign Holdings

U.S. debt tops $39 trillion; foreign investors hold $7.9 trillion, led by Japan and China, raising concerns over fiscal sustainability.

2 sources. https://clstr.news/cluster/us-treasury-debt-surpasses-39-trillion-japan-and-china-lead-foreign-holdings

### 2026-07-01: US GDP Revision and UK Services‑Led Growth Highlight Q1 2026 Economic Trends

US GDP was revised up to 2.1% for Q1 2026, driven by government spending, while the UK posted 0.6% growth led by services, even as household disposable income fell and interest rates stayed at 3.75%.

2 sources. https://clstr.news/cluster/us-gdp-revision-and-uk-servicesled-growth-highlight-q1-2026-economic-trends

### 2026-06-29: United States debt ceiling crisis pushes national debt beyond $39 trillion

U.S. debt tops $39 trillion, interest payments exceed $1 trillion, and Treasury warns of a possible default by July 1 unless Congress lifts the debt ceiling.

2 sources. https://clstr.news/cluster/united-states-debt-ceiling-crisis-pushes-national-debt-beyond-39-trillion

### 2026-06-28: Capital One and Private Credit Firms Face Rising Consumer Debt Risks

Capital One's stress buffer stays set as regulators eye credit‑card rate caps, while private‑credit firms pour into consumer debt amid rising delinquencies, sparking concerns over risk and liquidity.

3 sources. https://clstr.news/cluster/capital-one-and-private-credit-firms-face-rising-consumer-debt-risks

### 2026-06-27: US inflation gauge hits three‑year high as mortgage rates climb

US inflation hits 4.1% YoY, a three‑year peak, while mortgage rates rise to 6.49% and GDP growth is revised up to 2.1% for Q1. Apple raises device prices amid chip shortages.

2 sources. https://clstr.news/cluster/us-inflation-gauge-hits-threeyear-high-as-mortgage-rates-climb

### 2026-06-25: US Q1 2026 GDP Revised to 2.1% Amid Weak Domestic Demand

U.S. Q1 2026 GDP was revised up to a 2.1% annual rate, but consumer spending slowed to 0.5% and inflation stayed high, tempering market reactions.

2 sources. https://clstr.news/cluster/us-q1-2026-gdp-revised-to-21-amid-weak-domestic-demand

### 2026-06-12: Credit Card Debt Habits Drive Consumer Financial Strain

57% of consumers need over six months to repay short‑term debt; habits like minimum payments, treating credit limits as income, optimism bias, BNPL use and ignoring balances prolong debt, often for decades.

2 sources. https://clstr.news/cluster/credit-card-debt-habits-drive-consumer-financial-strain

### 2026-06-09: US consumers expect inflation near 3.5% next year amid rising fuel and housing costs

US consumers see inflation at 3.5% next year, expect higher fuel and housing costs, and feel less confident about finances and job security, according to a Fed survey.

2 sources. https://clstr.news/cluster/us-consumers-expect-inflation-near-35-next-year-amid-rising-fuel-and-housing-costs

### 2026-06-09: U.S. Adults Report High Rates of Anxiety and Mental‑Health Problems

Around 42 million Americans have anxiety disorders and over 40 % report mental‑health problems, with stress, finances and pandemic effects driving the surge.

2 sources. https://clstr.news/cluster/us-adults-report-high-rates-of-anxiety-and-mentalhealth-problems

### 2026-06-08: U.S. Household Financial Concerns Reach Two-Year High

U.S. household financial worries hit a two‑year high, with 13.3% saying conditions are “much worse” and 43.7% seeing finances deteriorate, amid modest inflation expectations and looming Fed rate hikes.

2 sources. https://clstr.news/cluster/us-household-financial-concerns-reach-two-year-high

### 2026-06-07: US Sovereign Debt Fuels Housing and Healthcare Affordability Crisis

US sovereign debt expansion, reinforced by banking regulations, has raised Treasury holdings in banks, inflating asset prices while wages lag, deepening the housing, healthcare and education affordability gap.

2 sources. https://clstr.news/cluster/us-sovereign-debt-fuels-housing-and-healthcare-affordability-crisis

### 2026-06-06: UK and US consumer credit spikes in April

UK consumer credit grew 4.8% YoY in April and US debt jumped $28.7 bn, the strongest credit expansion since 2022, boosting lender profits but raising default concerns.

2 sources. https://clstr.news/cluster/uk-and-us-consumer-credit-spikes-in-april

### 2026-06-05: US National Debt Projected to Hit $41.1 Trillion Ceiling by Mid‑2027

The Bipartisan Policy Center warns US debt could hit the $41.1 trillion ceiling by mid‑2027, potentially forcing emergency measures if Congress does not raise the limit.

2 sources. https://clstr.news/cluster/us-national-debt-projected-to-hit-411-trillion-ceiling-by-mid2027

### 2026-06-05: U.S. National Debt Projected to Reach Unsustainable Levels Within Decades

U.S. debt is set to near historic highs within years, with CBO and Penn Wharton models warning of unsustainable levels and potential market strain unless major fiscal changes occur.

2 sources. https://clstr.news/cluster/us-national-debt-projected-to-reach-unsustainable-levels-within-decades

### 2026-05-31: US household debt hits record as long‑term yields surge

US household debt hit a record $18.8 trillion and debt‑service costs rose to 11.3 % of income, while 30‑year Treasury yields reached a 19‑year high, sparking worries about credit conditions and growth.

2 sources. https://clstr.news/cluster/us-household-debt-hits-record-as-longterm-yields-surge

### 2026-05-29: IMF warns global debt to hit 100% of GDP by 2029, cites US Treasury risks

The IMF warns global debt will reach 100% of GDP by 2029 and that shifts in US Treasury ownership and short‑term issuance could spark market volatility and higher borrowing costs worldwide.

3 sources. https://clstr.news/cluster/imf-warns-global-debt-to-hit-100-of-gdp-by-2029-cites-us-treasury-risks

### 2026-05-28: US economy growth slows as Q1 GDP revised to 1.6% and inflation hits 3.8%

US Q1 GDP was revised down to 1.6% annual growth while the PCE inflation rate rose to 3.8%. Disposable income and savings fell, new‑home sales dropped and mortgage rates climbed to 6.5%, highlighting growing压力在

2 sources. https://clstr.news/cluster/us-economy-growth-slows-as-q1-gdp-revised-to-16-and-inflation-hits-38

### 2026-05-27: United States faces soaring debt burden as interest payments reach $3 billion daily

U.S. debt tops $39 trillion, with daily interest costs hitting $3 billion, forcing continual refinancing and raising concerns about financial stability.

2 sources. https://clstr.news/cluster/united-states-faces-soaring-debt-burden-as-interest-payments-reach-3-billion-daily

### 2026-05-27: US Economic Statistics Mislead Public Amid Political Tensions

US GDP rose 3‑4% in Q3 while consumer sentiment hits a 10‑year low, exposing a split where wealth concentrates at the top and most feel economic hardship, fueling political tension and proposals like a $2,000 “

2 sources. https://clstr.news/cluster/us-economic-statistics-mislead-public-amid-political-tensions

### 2026-05-27: US Q1 GDP Revised Down to 1.6% as Inflation Holds Near Expectations

US Q1 GDP growth was revised to 1.6% and PCE inflation rose 3.8% YoY; strong jobless claim figures keep the labor market tight, supporting a soft‑landing outlook for the Fed.

85 sources. https://clstr.news/cluster/us-q1-gdp-revised-down-to-16-as-inflation-holds-near-expectations

### 2026-05-26: US debt collection turns to AI as household debt reaches record high

US household debt tops $18.8 trillion, with rising delinquency, while AI agents increasingly replace human debt collectors, prompting concerns over errors and consumer protection.

2 sources. https://clstr.news/cluster/us-debt-collection-turns-to-ai-as-household-debt-reaches-record-high

### 2026-05-22: U.S. Economic Confidence Falls to Four‑Year Low in May 2026

Gallup’s May poll shows U.S. economic confidence at a four‑year low (‑45), with 76% saying conditions are worsening amid high inflation, rising gas prices and looming midterm election impacts.

4 sources. https://clstr.news/cluster/us-economic-confidence-falls-to-fouryear-low-in-may-2026

### 2026-05-18: US Household Debt Hits Record High as Delinquencies Surge

US household debt tops $19 trillion; delinquencies hit record highs and foreclosures rise sharply.

4 sources. https://clstr.news/cluster/us-household-debt-hits-record-high-as-delinquencies-surge

### 2026-05-18: US debt equals GDP as bond market pushes for fiscal reform in 2026

US debt now tops GDP; Treasury yields rise above 5%, credit rating downgraded, prompting bond‑market pressure.

2 sources. https://clstr.news/cluster/us-debt-equals-gdp-as-bond-market-pushes-for-fiscal-reform-in-2026

### 2026-05-15: Pew poll finds most Americans think the nation's best years are behind

Most Americans say the U.S.’s best years are behind; 44% are pessimistic versus 28% optimistic about the next 50 years.

2 sources. https://clstr.news/cluster/pew-poll-finds-most-americans-think-the-nations-best-years-are-behind

### 2026-05-15: US student debt crisis prompts Education Secretary McMahon to propose reforms

Education Secretary McMahon says 43 million Americans owe $1.7 trillion in student loans and proposes loan limits, faster FAFSA and fraud crackdown.

2 sources. https://clstr.news/cluster/us-education-secretary-says-43-million-americans-owe-17-trillion-in-student-debt

### 2026-05-14: Quiet debt surge and unpaid bill penalties expose personal finance risks

Unpaid debts trigger fees, credit damage and legal action, while hidden “quiet debt” from subscriptions and BNPL can silently grow.

2 sources. https://clstr.news/cluster/quiet-debt-surge-and-unpaid-bill-penalties-expose-personal-finance-risks

### 2026-05-14: US Student Loan Debt Stands at $1.7 Trillion as Reform and Forgiveness Plans Diverge

US student debt hits $1.7 trillion; Trump admin proposes loan caps and FAFSA reforms, while an earlier Obama bill pledged full debt forgiveness.

4 sources. https://clstr.news/cluster/us-student-loan-debt-stands-at-17-trillion-as-reform-and-forgiveness-plans-diverge

### 2026-05-13: US Household Debt Hits Record $18.8 trillion as Delinquency Rates Surge

US household debt tops $18.8 trillion; credit‑card, auto and student‑loan delinquencies reach multi‑year highs.

5 sources. https://clstr.news/cluster/us-household-debt-hits-record-188-trillion-as-delinquency-rates-surge

### 2026-05-12: U.S. Federal Debt Tops 100% of GDP, Raising Long-Term Economic Risks

U.S. public debt surpassed 100% of GDP, sparking concerns over rising rates, housing costs and long‑term fiscal health.

2 sources. https://clstr.news/cluster/us-federal-debt-tops-100-of-gdp-raising-long-term-economic-risks

### 2026-05-12: U.S. household debt reaches record level, then shows inflation‑adjusted decline

U.S. household debt hit $18.8 trillion, a record, but inflation‑adjusted data show a slight drop to $18.79 trillion by Q1 2026.

6 sources. https://clstr.news/cluster/us-household-debt-reaches-record-level-then-shows-inflationadjusted-decline

### 2026-05-11: US Household Debt Surge Highlights Need for Better Personal Finance Strategies

Rising US household debt and common borrowing mistakes spark calls for smarter budgeting and debt‑consolidation strategies.

11 sources. https://clstr.news/cluster/north-american-households-face-rising-debt-pressures-amid-student-loan-reforms-and-us-survey-finding

### 2026-05-05: US Household Debt Reaches $18.8 Trillion, Auto Loans at $1.68 Trillion

US household debt tops $18.8 trillion, with auto loans hitting $1.68 trillion amid higher car costs and rates.

7 sources. https://clstr.news/cluster/us-household-debt-reaches-188-trillion-auto-loans-at-168-trillion

### 2026-05-05: U.S. first‑quarter GDP rises 2% as investment and government spending boost growth

U.S. Q1 GDP grew 2% thanks to investment and government spending, but missed forecasts and inflation remains high.

20 sources. https://clstr.news/cluster/us-firstquarter-gdp-rises-2-as-investment-and-government-spending-boost-growth

### 2026-05-04: U.S. Debt Tops GDP for First Time Since World War II

U.S. public debt exceeds GDP for the first time since WWII, reaching a 122% debt‑to‑GDP ratio and sparking fiscal‑risk warnings.

12 sources. https://clstr.news/cluster/us-debt-tops-gdp-for-first-time-since-world-war-ii

### 2026-05-04: US borrowers confront record home equity, soaring rates and credit‑card debt

US borrowers face record home equity, 6.3% mortgage rates, high‑yield savings options, $1.23 trillion credit‑card debt, and personal‑loan consolidation chances.

14 sources. https://clstr.news/cluster/us-borrowers-confront-record-home-equity-soaring-rates-and-creditcard-debt

### 2026-04-27: Gallup poll finds majority of Americans say finances are worsening amid debt pressures

More than half of Americans report worsening finances amid inflation, rising debt, and high credit-card rates.

3 sources. https://clstr.news/cluster/gallup-poll-finds-majority-of-americans-say-finances-are-worsening-amid-debt-pressures

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Cite as: US debt surpasses $40T milestone; fiscal and political rift. CLSTR, https://clstr.news/situations/rising-household-and-global-debt-heightens-economic-stress