“The U.S. government’s interest bill is skyrocketing”

“…

Why it matters: An upward shift in long-term interest rates is putting the government on track to spend much more on interest payments in the coming years than was anticipated just a few months ago.

• If current rates stay high and fiscal policy matches current forecasts, the cost of servicing those debts will surpass defense spending in 2025 and top Medicare spending in 2026.
• In the current fiscal year, interest spending is on track to surpass $800 billion, more than double 2021’s $352 billion figure. In 2026, the government’s net interest expense would reach 3.3% of GDP, the highest on record.

…”

https://www.axios.com/2023/10/16/interest-rates-federal-debt

Long story short the time is coming when America won’t be able to kick the can down the road. At that point say goodbye to your 401k and pension funds. Don’t invest in these things because they will not give a return.