The world is $365 trillion in debt, and the interest bill is climbing

Hundreds of thousands of people have protested across Europe in recent weeks over rising living costs, low wages, unaffordable housing and underfunded schools. In France, more than 550,000 people demonstrated on Saturday, according to the Interior Ministry, amid student protests and wider social unrest. Years of government borrowing have made debt more expensive: France’s borrowing costs are at their highest since 2002, while interest payments leave less money for schools, hospitals and pensions. Governments borrow by selling bonds and paying buyers interest before repaying the principal on a set date.