To understand the current state of debt in America, we must first understand the current state of debt in the United States. In the 19th century, American debt was about 5% of the national debt. By the early 20th century, that percentage had dropped to about 2%. And by the mid-20th century, debt had risen to about 3.5 percent, which is where we are today.
For the past couple of decades, we’ve seen three major changes in debt. The first is that the interest rate on debt has risen at a steady rate of 3 percent per year. This is largely due to the Federal Reserve’s printing of money. But it’s also due to the fact that the Federal Reserve has done everything it can to prop up the dollar. This is an obvious issue because the dollar is the world’s most valuable currency.
This is also the reason that, in the past, debt was seen as a way for people to pay for the things they needed. Because people were always buying things with the hope that the price would go up. But the dollar has in fact been increasing steadily in value. As a result, debt has been seen as a way for people to get by.
