Residents of the United States “up to their ears” in debt – more than ever before in the history of mankind. The cost of living for the average American has increased by 14 per cent This is reported by the channel News Nation.
According to News Nation, to date the debt of American citizens has reached $ 17 trillion At the same time, the total amount of credit card debt in the United States reached a new record level of $ 1.08 trillion. Credit card balances increased by $154 billion year-over-year, the largest increase since 1999.
Experts believe a number of factors contributed to this. But first and foremost, it is due to the fact that the cost of living for average Americans has increased by 14 per cent over the past two years. In addition, interest rate hikes are also affecting mandatory payments.
However, according to surveys, most debtors don’t want to deal with the problem. They would prefer to talk about their own weight, not about debts, summarises the channel.
Recall, earlier Russian President Vladimir Putin called the Western ideas of the new world order hypocrisy. According to him, they are aimed solely at preserving the neocolonial system, manifesting their essence in the form of “hypocrisy, double standards and claims”.