April 7, 2026

Your Wealth Is Built on Government Debt

This image illustrates the vulnerability of the US economy, where $184 trillion in household wealth—built on rising asset prices—is exposed to new risks. A burning parachute symbolizes how inflation and the war with Iran could push interest rates higher, potentially triggering a sharp decline in asset prices and a severe recession. Based on data from the Federal Reserve’s Flow of Funds report, this visual highlights the growing dependence of economic growth on government debt and financial markets.