The Biden Effect!! American Households Hold Record Debt Q1 2024. The Biden Administration has made it clear that American households are NOT Washington’s priority. We are to continue working and paying taxes in order to fund foreign wars and climate change packages. How else will we house those 7+ million illegal migrants and offer them free healthcare and shelter? How else will we pay off the student loans for millions? How else will we continue to grow the public sector and pay for countless new social programs? Americans are in serious debt, and Washington is all but ensuring this trend continues. https://www.armstrongeconomics.com/armstrongeconomics101/inflation/american-households-hold-record-debt-q1-2024/