Household debt in America just hit a new record of $140,000 per family in America.
Keep in mind that’s separate from your $280,000 share of the national debt. Or the half-million you owe in unfunded Social Security and Medicaid. All adding up to roughly five times the median net worth of American families.
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The Importance of Prayer: How a Christian Gold Company Stands Out by Defending Americans’ Retirement
The numbers come from the New York Fed, which reports that household debt hit a record $17.8 trillion, driven by rising mortgage balances, rising auto loans, and rising credit card debt.
For perspective, all the bank accounts in America hold about $23 trillion. Personal debt is at $18 trillion.
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.