37sec snip

Animal Spirits Podcast cover image

The Richest Country in the World (EP.351)

Animal Spirits Podcast

NOTE

Household Wealth vs. Government Debt

Household wealth is a significant resource that greatly exceeds the US government's debt and deficits. The total household wealth dwarfs the public debt outstanding, showcasing a massive difference in assets versus government deficits. The real median net worth among 65 to 74-year-olds has risen to $1.8 million, emphasizing the disparity between household wealth and government debt.

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