Another Look at the National Debt
Here are some interesting facts about the national debt.
- Today, the national debt is just over $22 trillion dollars, up from $5.8 trillion when George W. Bush took office.
- There are 83 million households in the U.S., so the national debt comes to $578,947 per household.
- Think we should all write a check? The median household wealth (the number at which half the population has more and half has less) is $78,100. That’s right: most Americans don’t have anywhere near as much as their share of the debt.
- Over that same period in which the national debt more than tripled, median household wealth went down 22%.
Here are two questions to think about:
Where is all that money going? Not into the pockets of most Americans!
Are you scared yet?