This chapter delves into the negative implications of Americans' excessive spending habits and the government's increasing debt, discussing the rising cost of living, growing burden of debt, and questioning the sustainability of such spending. It also explores the Federal Reserve's attempt to reduce demand and the potential severity of the consequences.
The current U.S. housing market is plagued by soaring interest rates and dwindling affordability for millions of Americans. Plus robust consumer spending and rising debt is raising concerns about the long-term stability of the economy. Get the facts first on Morning Wire.