Economist Warns America's $40 Trillion Debt Is ‘Stealing From Our Next Generation’: ‘We’re Basically Taking $2 Trillion From Our Future’
U.S. national debt surpasses $40 trillion as Peterson warns of fiscal risks.
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Why It Matters
America owes a really, really big amount of money—$40 trillion—and some experts worry we're spending more than we earn, which could make things harder for kids growing up. When a country borrows too much, it's like a sign to watch how companies and people feel about the economy's future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.