Debt Fiasco Risks Biggest Financial Crisis in a Century! Huge Problem for Middle Class

When debt is rising very quickly and interest rates are rising at the same time, it can create a challenging situation for individuals and businesses. As the cost of borrowing money increases, it can become more difficult to afford the payments on existing debts. This can lead to defaults and bankruptcies, which can have a negative impact on the economy.

If rent and housing costs are also rising very quickly, it can further exacerbate the situation by making it more difficult for people to afford basic necessities like housing. This can lead to an increase in homelessness and housing insecurity, which can have negative consequences for both individuals and the economy as a whole.

To make things more affordable in this situation, governments would try to stabilize or reduce interest rates. This could be done through monetary policy, such as adjusting the interest rate that the central bank charges for lending to commercial banks.

Finally, governments will likely address rising housing costs by increasing the supply of affordable housing and providing financial assistance to help people afford rent. This could involve measures such as building more affordable housing units, offering rental subsidies, or providing tax credits for people who are struggling to afford housing.

TOPICS AND TIMESTAMPS:
Debt Escalation 0:00
Big Changes 6:07
Preparation 12:39

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