#USNationalDebt

As of early 2025, U.S. national debt is $36.2 trillion:

$29T held by the public

$7.4T by government accounts

Debt is rising due to:

Aging population & healthcare costs

High interest rates

Increased spending (e.g., COVID-19)

Lower tax revenue

CBO projects debt to hit 116% of GDP by 2034, and 172% by 2054.

Interest payments were $726B in 2023, or 14% of spending.

Each American effectively owes $106K.