The household’s interest expense has skyrocketed

Sharing is Caring!

by mrmrmrj

This is BEFORE student debt repayments begin again.

It is clear that household interest expense has increased significantly over the past few decades. This is likely due to a combination of factors, including rising house prices and increasing debt levels. Given the current economic conditions, it is unlikely that this trend will reverse in the near future.

See also  Under Biden, federal debt interest surged from 20% to nearly half tax income! Fiscal reform is no longer optional; it is a necessity.