Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble?

TweetShare According to the International Monetary Fund (IMF), the global debt has achieved $184 trillion with $86,000 per person, a figure that is twice larger than the global average income per-capita. Out of the $184 trillion, The Balance reported that $21 trillion comes from the U.S., making up for around 11.4 percent of the global debt. Source: USDebtClock.org With corporate, mortgage, credit card, and student loan debt rising to historic highs, some analysts are concerned regarding the build-up of a bubble that could implode in the years to come. How Debt Increased so Rapidly Throughout 2017, the U.S. stock market had one of the strongest rallies in recent history, as the Dow Jones surged from 19,762 points to 25,000 points, by more than 26 percent from January to December of last year. As the U.S. stock market demonstrated strength and momentum, both corporations and individuals started to spend more, acquiring…

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