More lack of preparation. Since the GFC, Federal Govt added $2.50 Debt:$1.00 GDP, and S&P500 cos borrowed $4 trillion to buy back $4 trillion stock. Households, with longer memories, had lowest debt service/disp. income ratio ever, but feeling greatest pain now. #EndTheShutdown
The 2020 data point is my estimate. The others are from the Fed FRED system.
https://fred.stlouisfed.org"> https://fred.stlouisfed.org
https://fred.stlouisfed.org"> https://fred.stlouisfed.org