Federal Reserve Z1 Data for 2020: The King of Debt Went Out With A Bang, and Our Children and Grandchildren Will Be Poorer for the Rest of Their Lives to Pay For It

The Federal Reserve released data on U.S. credit market debt for 2020 last week, and after putting it into charts what I found was shocking. In just one year, total U.S. credit market debt increased by 42.7% of GDP, total non-financial credit market debt increased by 38.4% of GDP, federal government debt increased by fully 23.9% … Continue reading Federal Reserve Z1 Data for 2020: The King of Debt Went Out With A Bang, and Our Children and Grandchildren Will Be Poorer for the Rest of Their Lives to Pay For It