Debt Crisis Threatens Your Retirement | Durham News

The U.S. national debt has soared to $40 trillion—nearly 85% of all American retirement savings—and by 2026, interest payments alone will exceed $1 trillion. This ballooning debt is driving up mortgage, car loan, and credit card rates while stifling investment growth. Social Security’s trust fund could vanish by 2032, risking benefit cuts for millions. Record numbers are tapping into 401(k)s for hardship, and most Americans fear a looming retirement crisis fueled by unsustainable debt—with few easy fixes in sight.

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