Tuesday, September 19, 2017

What the $20 Trillion National Debt Means to You - Just Facts

What the $20 Trillion National Debt Means to You - Just Facts
"On September 8, 2017—the same day that Congress and President Trump passed a law suspending the federal debt limit until December—the official debt of the U.S. government surpassed the milestone of $20 trillion, reaching exactly $20,162,176,797,904.
To personalize that figure, it amounts to an average of $61,889 for every person in the United States, or $160,247 per household.
Adjusted for inflation, these debt burdens have been larger for the past year than ever recorded in the history of the U.S.:

To place the per-household federal debt in another context, it is 35% higher than the average consumer household debt of $118,271, including mortgages, car loans, credit cards, and student loans..."
Read on!

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