✉news BusinessEconomy first seen 11 h ago, last 42 min ago, peak #3
Economists warn US $40 trillion debt problem worse than Japan's
Original: Japan’s debt is twice the size of its economy—but economists warn U.S.’s $40 trillion sum is worse
Japan's national debt stands at roughly twice the size of its economy, the highest debt-to-GDP ratio among advanced nations. Despite this, economists argue the United States' debt burden—now around $40 trillion—is the more worrying case, citing the faster pace of American borrowing, rising interest costs, and fewer domestic savings to absorb government bonds.
Why now: Fresh warnings about the scale and sustainability of US government debt are circulating among economists.
Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 42 min ago.
Evidence
- Japan’s debt is twice the size of its economy—but economists warn U.S.’s $40 trillion sum is worse · Fortune
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