Our entire economy is fueled by debt. In fact, if going into more debt was suddenly banned the U.S. economy would instantly hit a brick wall. For the vast majority of us, our lifestyles simply cannot be funded by what we actually make. So we use debt to bridge the difference, and this has particularly been true during the cost of living crisis. Total household debt has now reached a grand total of 17.8 trillion dollars, and we continue to pile up more with no end in sight… https://www.activistpost.com/2024/08/thanks-to-the-cost-of-living-crisis-u-s-household-debt-has-soared-to-the-highest-level-ever-recorded.html