In this video Les Szarka, CEO and Alex Szarka, Senior Financial Planner at Szarka Financial delve into the complexities surrounding the mounting debt of the U.S. Government.

They explore the concerning escalation of the debt to $35 trillion and discuss the implications of such financial burdens.

By providing a breakdown of government spending both mandatory and discretionary they shed light on the country’s path.

The Szarkas not only examine how this debt has accumulated over time but also predict outcomes if fiscal imbalances persist.

They emphasize the significance of interest rates surpassing 5% which greatly impacts the sustainability of the debt.

Additionally, they touch upon how this affects investments, retirement savings and even global perception of the U.S. Dollar.

This video is viewing for those wanting to grasp how the debt crisis can influence finances and national economics.