* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns

May 5, 2024
in Business
Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns
Share on FacebookShare on Twitter

U.S. debt is soaring to record levels, and the Treasury Department squandered an opportunity to help ease the burden on Gen Z, a former White House economist warned.

That’s as Gen Z already has enough to worry about and has grown increasingly pessimistic. High borrowing costs have kept young adults out of the housing market, while some scholars are also pointing to social media’s impact on anxiety.

But Todd Buchholz, who served as White House director of economic policy under President George H.W. Bush, said “members of Gen Z must also worry about the irresponsible debt levels that baby boomers and Generations X and Y (millennials) are foisting onto their narrow shoulders.”

To be sure, U.S. debt levels have been surging for decades. But in recent years, it has topped key milestones. For example, gross federal debt as a share of U.S. GDP has exceeded the level reached in the immediate aftermath of World War II. In fact, the cost of servicing the debt is now expected to eclipse defense spending this year.

The likes of Fed Chairman Jerome Powell, JPMorgan Chase CEO Jamie Dimon, Bank of America CEO Brian Moynihan, and BlackRock CEO Larry Fink have sounded the alarm on U.S. debt recently. But Buchholz highlighted the consequences Gen Z in particular faces.

“Half of young adults don’t think they will ever afford a home, yet they will be asked to pay for their grandparents’ profligacy,” he wrote in an op-ed for Project Syndicate on Wednesday.  

The U.S. had an opportunity to improve the debt outlook, but passed up on it, Buchholz explained. For years after the Great Financial Crisis, the Federal Reserve’s monetary stimulus kept yields on Treasury bonds at rock-bottom lows, meaning the interest on U.S. debt was historically cheap.

The Treasury Department, which sells U.S. debt to global bond markets, could have locked in those low rates by issuing 50- or 100-year bonds, rather than durations that typically max out at 20 or 30 years.

“But the Treasury mostly stuck to short-term borrowing, with the average duration of bonds at just five years,” Buchholz said. “As a result, it is rolling over maturing debt at a steeper cost.”

In March 2021, when U.S. bond yields were still at low levels of around 1.5%, Treasury Secretary Janet Yellen said there were “no current plans” to issue super-long debt. That prompted hedge fund manager Stanley Druckenmiller last year to call it the “biggest blunder in Treasury history.” Today, yields are hovering near 4.5% after topping 4.7% late last month.

While the U.S. missed its chance to secure cheap debt, at least 14 countries as well as dozens of corporations and universities issued super-long bonds, Buchholz pointed out.

But he added there may be other opportunities in the future and suggested the Treasury Department should unleash a flood of super-long bonds whenever inflation-adjusted yields drop below the historical average of about 1.55%.

Still, that won’t tackle the massive federal deficits that are driving the surge in U.S. debt.

“Of course, the fundamental budget problem is too much spending,” Buchholz said. “President Ronald Reagan once joked that the government is like a baby: it has a big appetite at one end, and no sense of responsibility at the other. That quip is as true today as it was a half-century ago.”

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/2024/05/05/us-debt-crisis-gen-z-cost-boomers-gen-x-millennials-treasury-bonds/

Tags: Blunderbusinessdearly
Previous Post

Chinese President Xi Jinping begins charm offensive in Europe amid growing uncertainty about future U.S. support for allies

Next Post

President Marcos wants faster permit process for flagship infrastructure projects

Inventing habitats – High Country News

Building Tomorrow’s Habitats: Breakthrough Innovations Transforming Our Future Environments

October 24, 2025

Enhancing Nucleic Acid Biosecurity to Counter Advanced Generative Protein Design Tools

October 24, 2025
Science Says Optimistic People Live Up to 12 Years Longer. Here’s How You Can Be More Positive, Hopeful, and Confident – Inc.com

Unlock a Longer Life: Discover How Cultivating Optimism Transforms Your Health and Happiness

October 24, 2025
Fall River Eats: Eskimo King closes for season; Table for Two special at Fall River Grill – Yahoo

Eskimo King Closes for the Season – Enjoy the Irresistible Table for Two Special at Fall River Grill!

October 24, 2025
New technology for grading and packing dates – FreshPlaza

Revolutionary Technology Transforms Date Grading and Packing Process

October 24, 2025
Your weekend plans: Satire, scares and sports – Axios

Get Ready for the Weekend: Satire, Spooks, and Sports Galore!

October 24, 2025
Dodgers’ Alex Vesia’s World Series availability unclear while dealing with ‘deeply personal family matter’ – CBS Sports

Dodgers’ Alex Vesia Faces Uncertainty Over World Series Availability Amid Personal Family Matter

October 24, 2025
Fewer pastors say economy is negatively impacting their churches in 2025: Lifeway Research – Christian Post

Growing Number of Pastors See Positive Economic Impact on Their Churches in 2025

October 24, 2025
Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

October 24, 2025
Duke professor Kyle Walsh to lead environmental institute of NIH after atypical selection process – The Duke Chronicle

Duke Professor Kyle Walsh Takes the Helm of NIH Environmental Institute After Unconventional Selection Process

October 24, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (884)
  • Economy (905)
  • Entertainment (21,776)
  • General (17,779)
  • Health (9,946)
  • Lifestyle (918)
  • News (22,149)
  • People (906)
  • Politics (915)
  • Science (16,116)
  • Sports (21,405)
  • Technology (15,885)
  • World (888)

Recent News

Inventing habitats – High Country News

Building Tomorrow’s Habitats: Breakthrough Innovations Transforming Our Future Environments

October 24, 2025

Enhancing Nucleic Acid Biosecurity to Counter Advanced Generative Protein Design Tools

October 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version