How Will the US Debt Ceiling Affect You?

The US government must quickly make a decision to raise the US debt ceiling or default. Currently a tentative deal will be voted on by Congress with just days to spare. Defaulting could impact crucial government programs like social security, Medicare and Medicaid. It is up to the government to decide if this will happen or of the debt ceiling will be raised beyond the 2024 election.

This brings to the forefront the importance of saving money in separate retirement accounts, investments ect. as to not relay on these programs that may not always be in place.