Financial Advisor Charles Wareham On Skyrocketing US Debt, Rising Taxes And What To Do With America's Retirement Plan

International Business Times - December 11, 2024

Financial Advisor Charles Wareham On Skyrocketing US Debt, Rising Taxes And What To Do With America's Retirement Plan

With a debt-to-GDP ratio of 122.84% and a recent hike in its interest expenses— now costing $1.133 trillion due to inflation and rising interest rates, the USA is spending 17% of its federal budget just to maintain its debt.

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