$40 Trillion Debt Squeezes Household Budgets: Can Americans Still Afford Bitcoin?

The US national debt has surpassed $39 trillion, with each American carrying a share of around $116,000. This staggering figure is equivalent to nearly two Bitcoins at current prices.

A Conference Board report warns that rising U.S. debt could increasingly squeeze families and businesses through higher borrowing costs. The same debt is draining the budgets that fund everyday crypto buying.

The strain is felt most at the bottom, with lower-income millennials paying an average of $45,400 per Bitcoin, compared to $42,400 for top earners. Buying late, at high prices, was the norm in the past.