Important Takeaways:

• Today, the United States’s national debt reached another alarming milestone – our national debt is a staggering $35 trillion.
• Background:
  • The gross national debt is currently $35 trillion. This equates to:
  • $104,497 per person
  • $266,275 per household
  • $483,889 per child
• The debt one year ago was $32.65 trillion, meaning that the debt has increased by $2.35 trillion over the past 12 months. This rate of increase equates to:
  • $196 billion in new debt per month
  • $4 billion in new debt per day
  • $268 million in new debt per hour
  • $4.5 million in new debt per minute
  • $74,401 in new debt per second

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