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RetireReady Episode 006: The Debt Ceiling and What it Means for Americans


The Debt Ceiling has been a hot topic for most of the year, with Congress raising the limit again in June, America now has over $32 TRILLION dollars in debt. David and Aaron Jones talk about what this means for hardworking Americans and the impact it could have on their savings and their retirement.

Key Takeaways:

  1. There are 2 potential ways to balance the US Budget
  2. Soon the US will be spending more on interest than we spend on national defense
  3. The math doesn’t work out to only raise taxes on the wealthy

The information contained in this post is general in nature and for informational purposes only. It should not be considered as investment advice or as a recommendation of any particular strategy or investment product. This post is not a solicitation or an offer to buy or sell any specific security. Nicholas Wealth Management cannot guarantee the accuracy of information from third parties.

David Nicholas 7
David Nicholas

President & Founder

"I lift up my eyes to the hills - where does my help come from? My help comes from the LORD, the Maker of heaven and earth." - Psalms 121:1-2

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