Selcuk Acar/Anadolu Agency via Getty Images
- America's surging pile of debt means investors should focus on tax-saving investment strategies, according to Bank of America.
- The US government has two options to tackle its debt pile: either raise taxes or accept higher inflation.
- Bank of America offers five investment strategies to save on taxes.
America's fast-growing pile of debt suggests investors should start to focus on tax-efficient investment strategies, according to Bank of America.
The bank noted that the $34 trillion in US debt is poised to exceed 100% of GDP by July, approaching its record 112% of GDP reached during World War II.