.Emphasizing some experts see that the US economic situation will certainly not use to a prolonged economic downturn and also may remain to have the gentle landing. The Federal Reserve is stating that United States family net worth rose to a report $163.8 trillion in Q2 2024. Stock market worths increased by $0.7 mountain in Q2Real place market values rose by $1.8 trillion in Q2.Worries however, are on the financial obligation edge of the equation: The overall nonfinancial financial obligation rose by 4.7% annualized rate in Q2. Household financial obligation increased through 3.2% annualized fee in Q2Nonfinancial company that rose through 3.8% annualized rate Q2Federal federal government that increased by 6.3% annualized price in Q2State and also city government that rose through 6.0% annualized price in Q2Of certain worry are actually the growths in the government as well as state and also town government personal debt which is actually unsustainable and when it is attended to will definitely be a budgetary costs drag on the economic situation.