The debt crisis that has gripped the U and world economies is coming to an end.
The United States will have a trillion dollars of debt, which is just the tip of the iceberg.
But even though the U, the world’s biggest economy, will be broke for at least the next five years, the country will likely not have a default on its debt, according to an analysis by Bankrate.com.
We are on track to have a $1 trillion-plus debt issue in 2018, and that is just for our national debt, Bankrate’s Michael Sivak said.
Borrowers are likely to be able to repay their debt in three years.
In 2020, a year when the economy is expected to contract and debt is expected hit new lows, the federal government will likely have $1.9 trillion in outstanding debt.
By 2021, the debt is projected to be at $2.9 billion, or about $10,000 per household.
For the next three years, federal debt will remain about $1,000.
That’s not enough to make the national debt crisis go away.
In 2021, federal and state governments will still have about $50 billion in debt, but it will be more manageable than the national debts.
The federal debt is still at a high point, with about $18 trillion.
It will likely increase to $20 trillion by 2024, Bankrates said.
And the debt will probably not fall much below that level by 2025, Bankrated said.
The nation’s debt is a national problem, but we can’t blame it all on the debt.
We can blame the Federal Reserve.
It’s not their fault, the Fed says, according a Bloomberg article.
The Fed, however, is only responsible for the debt if the economy’s inflation and unemployment continue to rise.
That is the way it has been for years.