I’m a middle aged dude with a family, own a house, have four kids, investments, all the adulting things.
However, I’m still not sure how a multi-trillion dollar national defecit seeps down to affect my day-to-day life
In: 492
I have tried to EL5 it bunches of times, but both because I am not smart enough and its a complicated interaction that can actually affect economies it’s really difficult without trying to explain more and more complicated instruments. The short answer is next to nothing, the debt is a kind of indicator and it’s information taken into concert with many other pieces. If we are talking about the specific case of the United States debt load that’s really difficult to even be clear on because the size of that economy is so much large and the appetite for that debt still high it’s still largely a good deal for the American government.
It mainly gets bad when there is no one to purchase/invest in the federal debt but American debt is so far away from that concern that there isn’t any serious tangible effects and a citizen level.
Latest Answers