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The Independent UK

Business

J.R. Duren

The US national debt has hit a record $40 trillion — how does this impact the average person

National Debt United States Scott Bessent Donald Trump CNBC Interest Rates Recession

The U.S. national debt has crossed the $40-trillion mark thanks in part to President Donald Trump’s Iran war and tariffs, along with pandemic spending during the first Trump term and by the Biden administration.

But how concerned should the average American be about the impact of this colossal sum on their personal finances?

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