Famed investor says young Americans will pay for mounting US debt

US national debt

Despite the official figure of $30 trillion, actual US debt may be multiple times larger .

US national debt topped $30 trillion for the first time in history last month, spurred on by high borrowing during the Covid-19 pandemic, according to data from the Treasury Department. However, Jim Rogers, legendary investor and co-founder of the Quantum Fund alongside George Soros, says the actual debt amount is likely to be much higher than Washington admits.

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