Economy / FinanceNorth America

Epic Economist: 20 Million Americans are Stuck in an Endless Credit Crisis


As of 2024, the debt load of U.S. households is estimated to reach a staggering $17 trillion. This figure is not only a reflection of the times we live in but also a cause for concern as we may be in the midst of the greatest debt bubble in history. The economy of yesteryears was vastly different, and previous generations were able to achieve their financial goals much earlier in life. However, times have changed, and it seems that Americans are borrowing and spending like never before just to make ends meet. According to the New York Fed, in the…

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