>>516681121
Try again. It’s transfer of wealth. Look at all that debt we’ve accumulated putting money into the pockets of the wealthy.
Americans owe $18.39 trillion in debt, a majority in mortgages.
Mortgage Debt: Makes up the largest portion of household debt, totaling $12.94 trillion in June 2025.
Auto Loan Debt: Increased to $1.66 trillion by the end of June 2025.
Student Loan Debt: Stood at $1.64 trillion in June 2025.
Credit Card Debt: Reached a record $1.13 trillion by the last quarter of 2023.