Money experts warn America is at risk because consumer debt rose $185 billion. Why they are insane . . .

Chart above - the national debt is more than the size of all household borrowing combined.

When I read the “Go Banking” headline (link below), I was alarmed. Consumer/household debt rose $185 Billion last quarter? OMG !!!! $185 billion seems like a lot. But in fact, it's only a 1% increase. The entire universe of household debt (mortgages, student loans, car loans, credit cards) is $18 Trillion – ninety nine times higher. So should a 1% rise in household borrowing send the media into a frenzy?

In fact, the National Debt ($37 Trillion) is DOUBLE our consumer debt – the stuff we knowingly and personally borrowed. And the National Debt is rising far more rapidly. The congressional budget office projects that interest on the national debt will soon be the single largest expense item in the US national budget.

Imagine if the interest you paid on your credit cards and mortgage took up most of your paycheck. THAT would be a crisis. Having your personal debt edge up 1% (as documented by “Go Banking”) is NOT a crisis.

The national debt, ($37 trillion/$370,000 per family), is the number one problem in America. Not Jimmy Kimmel getting a paid vacation. Not whatever Epstein documents are in the FBI vaults. Not Trump getting hoodwinked by Putin again. All these other stories are diversions, intended to keep us from thinking too much about the National Debt, and how we can't continue like this forever. It will all come crashing down, and we will look like Argentina, Venezuela, or Zimbabwe.

I’m just sayin’ . . .

Household Debt Just Hit a New Record — Are You at Risk?

Average American Household Debt in 2025: Facts and Figures | The Motley Fool

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Avectoijesuismoi · 36-40

The real definitive question is what the people used that extra 1 % of debt for is what needs to be asked and answered.
Is it for new cars, homes etc or is it where people are starting to run up extra debt on Consumables like putting food on the table to feed their families because what is coming in earnings doesn't match what is going out to sustain themselves ????
If that is what is causing the 1% rise it is not good as it will constantly spiral upwards each and every month and it won't stay at 1% either.
Because nearly every time you go to store to buy food the prices have increased and the price increases are mostly targeted at the basic foods you need to buy to feed the family. There are normally many special offers on the Candies, Soda's etc that you don't need to buy though, but rarely if ever that you will get for example two bottles of milk for the price of one or two loaves of bread for the price of one etc.

No debt is ever good whether it is National or personal debt it eats up your resources that are coming in be it the country or you as a person both case scenario's are a disaster coming you get to the point with either where it will exceed what comes in as we all know having and outstanding balance on a credit card and only making minimum or part payment is exactly what the credit card companies want that is how they make their money. But as an individual you soon end up owning them more than you actually spent in the first place and the amount gets bigger and bigger until you cannot sustain or pay it off.

The only time you want debt is as a business where you can use it as a tax deductible against your earnings.