The US economy has grown about 7% this year, according to figures released on Tuesday by the Federal Reserve.
But that growth has come with a huge increase in debt.
In the last year alone, the US has increased the total amount of debt outstanding by $3.2 trillion, an increase of more than 300% from just three years ago.
The Federal Reserve says the growth in debt has been driven by the US Federal Reserve’s efforts to boost consumer spending, and the rising cost of borrowing.
“These trends have created a widening wealth gap,” said Fed Vice Chairman Stanley Fischer in a statement.
“The Fed’s efforts have driven a massive increase in household debt, and as a result, household consumption has slowed.
With more debt, we’re in a vicious circle.
And the widening gap in debt means that the US economy is becoming more unequal.
While the Fed’s policies have worked to stimulate the economy, they have also created an inequality that has led to an economic recession.”
As the Federal Government moves to shore up its finances and make up for the debt, the Federal deficit is also growing.
According to the latest figures released by the Bureau of Economic Analysis, the US debt held by the public has increased by more than $5 trillion since the start of the year.
For the first time, the number of Americans with negative equity holdings is on track to surpass the US total debts of $18.7 trillion, according to the Bureau.
As a result of the Fed stimulus, the price of government debt has risen from $6.5 trillion in January to $8.1 trillion in March.
This has pushed the total amount of debtor-funded assets to $27.9 trillion, a 7% increase from the same month last year.
But with the debt increase, the overall cost of living has gone up.
That means the cost of a family of four paying $30,000 for a home has risen by almost $1,000 since the beginning of the year.
At the same time, the cost of housing has increased by $2,500 in the same period.
Despite the increases in the cost of living, the average home holder has grown by just $2.62 per year, the latest data shows.
These increasings in the cost and debt have created a growing wealth gap in the US.
It’s also a huge problem for President Donald Trump.
He’s said the debate on fiscal and monetary policy is a distraction from the fact that the economy is still in a very bad place, he said on Fox News in March.