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Report: U.S. debt nearing $40 trillion will harm families, students and retirees

Economists warn that soaring federal deficits, with the national debt nearing $40 trillion, will directly affect Americans across generations.

Published Aug 18, 2026, 5:09 PM EDT | WFMZZ

The Center Square reports the national debt is quickly approaching $40 trillion. Economists say the resulting, skyrocketing federal deficits will directly impact Americans of all generations—including students, families and retirees.