'Heart attack' expected for US economy in 3 years amid growing debt
2 Min Read
The US state debt is currently above $36.5 trillion.
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A sign warning of the US national debt appears on the road in the US (X photo)
The US economy might suffer a "heart attack" in three years unless the government reduces public debt to 3% of GDP, Bridgewater Associates founder Ray Dalio warned on Bloomberg's Odd Lots podcast.
"If you don't do it, you're going to be in trouble," Dalio remarked during an interview on the Odd Lots podcast. "I can't tell you exactly when it'll come, it's like the heart attack," he warned, adding, "You’re getting closer," the expert estimated. "My guess would be three years, give or take a year, something like that."
The US state debt is currently above $36.5 trillion, or more than $107,000 per person in the country.
In November of 2024, the US national debt surpassed $36 trillion for the first time in history, as reported by the US Debt Clock data.
According to the service's database, the "total national debt" column was a record figure of $36 trillion on November 15, after surpassing $34 trillion in early January.
Previously, Republicans chastised US President Joe Biden for his actions, which, they said, contributed to the increase.
