Debt continues to rise throughout the world. When used for productive investment like infrastructure, education, or training it can pay off in the future; however, when used for unproductive consumption, it can stifle growth. The chart below shows non-government and non-financial debt totals at record highs.
Looking at public and private debt for the world relative to GDP also shows record levels.
Maeve Beard serves as Senior Vice President of Operations at Pinnacle Trust. She is also a member of the Investment Committee. You can reach Maeve by emailing her at email@example.com or by calling the office at 601-957-0323.