NewsBite

The $US50 trillion ticking time bomb in America’s new exceptionalism

The $US50 trillion ticking time bomb in America’s new exceptionalism

US households are becoming wealthier but, as taxpayers, they are increasingly on the hook for their government’s borrowing.

Michael StutchburyEditor-at-large

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Washington | The irony in next month’s knife-edge US presidential election that could return Donald Trump to the White House is that the American economy is outperforming the rest of the world more than at any time in decades.

And, in contrast to elsewhere, American workers are ahead even after the post-pandemic inflation outbreak.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Michael Stutchbury
Michael StutchburyEditor-at-largeMichael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com

Latest In North America

Fetching latest articles

Original URL: https://www.afr.com/world/north-america/the-us50-trillion-ticking-time-bomb-in-america-s-new-exceptionalism-20241013-p5khvp