We’ve been told repeatedly over the past several months that if the government fails to raise the debt ceiling by August 2, there could be dire consequences for the world economy. But many Americans are wondering: what does this have to do with us and our personal finances? If the government defaults on its debt, how will it affect our personal debt and investments? Personal finance expert Alvin Hall answers listener questions about how a potential default by the federal government will impact your bottom line.
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