What is the impact of government debt on ordinary people?
By moshishibie
@moshishibie (252)
China
February 22, 2021 6:00pm CST
Last year, affected by the epidemic, global debt increased by 24 trillion US dollars, reaching a record 281 trillion US dollars. At the same time, the ratio of global debt to GDP is more than 355%.
These data also set a new global debt record released by IIF in January this year. The government is the main "debtor", accounting for more than half of the increased debt.
1 person likes this
2 responses
@JimBo452020 (42629)
• United Kingdom
23 Feb 21
Well
It's simple
When a Nations Government borrows
The Citizens have to pay it back.
It's a fairly straight forward simple equation
1 person likes this
@kaylachan (57636)
• Daytona Beach, Florida
23 Feb 21
No kidding. Prices go up to compensate and thousands upon thousands of people remain unemployed. Some of whom, have an opportunity to work, but chose not to because the government made unemployment so appealing.
@moshishibie (252)
• China
23 Feb 21
Rising prices will harm the interests of citizens in the future
