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This document provides an overview and analysis of debt in the American economy. It examines the different types and forms of debt owed by major economic sectors, including households, businesses, governments, and financial institutions. The document also discusses the roles and functions of debt, noting that while debt entails risks, it allows people and businesses to raise living standards, increase productive capacity, and generate future income when used appropriately. Debt financing is shown to be vital for investment and economic growth.
This document provides an overview and analysis of debt in the American economy. It examines the different types and forms of debt owed by major economic sectors, including households, busin…