Demos Vardiabasis Urges Nation to Embrace Loud Budgeting in WalletHub

In a recent WalletHub feature exploring the rise of “loud budgeting,” Dr. Demos Vardiabasis, Professor of Economics and International Business at Pepperdine Graziadio Business School, stressed the urgency of adopting this trend not just individually, but nationally.

Originally popularized on TikTok, loud budgeting is a personal finance movement that encourages individuals to be open about their financial limits, set clear spending boundaries, and resist social pressure to overspend. With roughly 1 in 5 Americans exceeding their monthly budgets, WalletHub suggests this practice can help people stick to their financial goals and avoid unnecessary debt.

But for Vardiabasis, the implications go far beyond personal finance.

“Loud budgeting is not just an effective strategy but a must-do strategy for the U.S.,” he said. “Given our financial situation—enormous government, consumer, and business debt—our total economic debt is at its highest level ever. Spending and debt must be restricted.”

Vardiabasis cautioned that while fiscal restraint is difficult to implement, U.S. leadership must take action now to prevent a potential global financial crisis.

As a seasoned economist and thought leader, Vardiabasis continues to lend his voice to pressing conversations on national and global financial health. His insights serve as a reminder that financial responsibility—whether individual or institutional—is more important than ever.

Read the full article here.