Credit Card Debt Surges
US credit card debt rose to $1.26 trillion as higher costs pushed delinquencies higher and household debt reached $18.8 trillion.
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Faced with soaring deficits, an aging population, a teetering pension system, unsustainable healthcare obligations, $1 trillion in annual interest costs, rising long-term bond yields and net public debt at around 100% of gross domestic product, what’s a country to do?
