The U.S. national debt is skyrocketing—projected to hit $50 trillion in under three years, with each American already on the hook for over $359,000. With spending outpacing revenue by 33 cents for every dollar collected, rising debt could force higher interest rates, making mortgages, car loans, and credit cards more expensive—and squeezing household budgets. Businesses face steeper borrowing costs, slowing wage growth, while taxpayers may see higher taxes to cover interest without new services. Investors brace for market volatility as the burden of this growing debt becomes undeniable.
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