What would actually happen if the United States defaulted on its debt?
It's a question that makes headlines every time Congress debates the debt ceiling - yet most Americans have no idea what a national default would actually mean for their savings, their jobs, or their financial future.
Financial Education: Default breaks down one of the most misunderstood concepts in modern economics and explains it in plain, accessible language. No economics degree required - just a curiosity about how government finances affect your everyday life.
Inside you'll explore:
What a national default is and how it happensThe potential consequences of a U.S. default for everyday AmericansHow government debt and financial decisions ripple through the economyReview and research questions throughout to sharpen your understandingAt a time when the national debt is impossible to ignore, this book gives you the financial literacy tools to understand what it all actually means.