U.S. national debt about to reach bleak $40 trillion milestone — and it’s likely hit $50 trillion soon

🇺🇸 MarketWatch (US) —

AI Summary

The U.S. national debt is projected to reach $40 trillion by 2029 and may soon hit $50 trillion, according to Bank of America's chief equity strategist Michael Hartnett. This growing debt burden is influencing investor preferences towards stocks over bonds.

Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds.

Politics Markets US national debt debt milestone investor behavior stocks vs bonds Michael Hartnett

Read original source →