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The $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up

Fortune Crypto|Jake Angelo|
The $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up
Image via Fortune Crypto
🤖AI Summary

The U.S. national debt of $38.9 trillion is significantly increasing mortgage costs for American families through higher interest rates. Years of consistent deficit spending have created a pattern that drives up borrowing costs across the economy.

Key Takeaways
  • The $38.9 trillion national debt is directly impacting individual mortgage payments through higher interest rates.
  • Consistent deficit spending by the U.S. government has become the norm over many years.
  • Families are paying thousands of extra dollars annually on mortgages due to debt-driven cost increases.
  • Government fiscal policy has created a ripple effect that increases borrowing costs throughout the economy.
  • The national debt burden translates into tangible financial costs for individual households.
Read Original →via Fortune Crypto
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