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How the $40 Trillion National Debt Affects Your Finances Today.
personal finance :: 17hrs ago :: source - investopedia
By Diccon Hyatt
The US Treasury Department building is seen in Washington, DC, January 19, 2023. SAUL LOEB/AFP via Getty Images
When the national debt crossed the $40 trillion mark on Wednesday, some experts used the milestone to highlight the unsustainable trajectory of the government’s finances and the long-term problem that it poses. But the national debt isn’t just a challenge for future generations—it’s likely affecting your finances right now, according to several analyses.
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