Class And Generational Conflict Are Going To Get MUCH Worse

Many people know that the US national debt is currently at over $22 trillion. Many may not realize that this is the highest level of debt which has ever existed by any nation at any time in history. US debt accounts for 1/3 of all debts by nations globally.

Yet most people do not realize that US consumer debt has also skyrocketed. US household consumer debt has increased to $13.54 trillion as of the 4th quarter of 2018, according to the Federal Reserve Bank of New York. This is higher than 2008, before the crash and 21% higher…