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The biggest effect is on taxes. As the national debt increases taxes are likely to increase as well, making daily life more expensive for individuals and families. In turn, people may need to work longer hours or learn how to live on less money. If you want to help, the best thing you can do is keep paying your taxes, but saving some money in case taxes and expenses go up. You can find more info here: http://www.accumulatingmoney.com/how-does-the-national-debt-affect-the-individual/

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11y ago

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