July 22

Another Look at the National Debt

Here are some interesting facts about the national debt.

    1. Today, the national debt is just over $22 trillion dollars, up from $5.8 trillion when George W. Bush took office.
    2. There are 83 million households in the U.S., so the national debt comes to  $578,947 per household.
    3. 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.
    4. 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!

And…

Are you scared yet?



Copyright 2019. All rights reserved.

Posted July 22, 2019 by mitchmaitree in category "Economy", "Politics

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