National Debt
Congress changed hands — but here’s what didn’t change: $40.06 trillion debt
The election is behind us, but a major threat to your retirement hasn't budged.
On August 19th, the U.S. national debt officially crossed $40 trillion. That’s double where it stood just ten years ago. Even more alarming: annual interest on that debt just surpassed $1 trillion, now costing more than the entire defense budget.
Neither party campaigned on cutting it. Both will have to service it. And when debt balloons, governments historically have only one easy way out: devalue the currency and inflate it away.
If you have $50,000 or more in an IRA or 401(k), keeping your entire nest egg in paper dollars could leave you exposed to that debasement.
See how physical gold and silver can help shield your purchasing power with our free Beginner’s Guide to Gold IRAs.