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Dorchester Center, MA 02124

The State Government is under pressure and families may feel the effects soon.
Borrowing rates in major economies have risen to their highest level in almost two decades.
Investors have been dodging the government’s debt and are demanding more repayments.
They worry that a war with Iran could keep oil prices low and inflation high.
The International Monetary Fund warns that the world debt could reach the level of World War II.
At the center of all this is the US, which is the largest investor in the world.
This means higher mortgage and car loan payments, higher interest rates, and higher business costs that are passed on to consumers.
For developing countries that borrow in dollars, it creates more money.
Updated on May 18, 2026