The U.S. public debt just hit a jaw-dropping $35 trillion — that’s 120% of GDP. Yikes. So, the big question: How much is too much, and what does it mean for your money?

According to Capital Group, “High debt levels don’t necessarily mean an imminent crisis, but they do pose long-term risks to economic growth and market stability.”

These risks could translate to slower growth, rising interest costs, and increased market volatility. However, they also highlight potential paths the U.S. could take to manage this growing debt, such as reforms or shifts in fiscal policy.

Curious how this could impact your financial future? Capital Group breaks it down and shows you what to watch for. Read more here.

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