#USNationalDebt The U.S. national debt currently stands at over $36.2 trillion as of May 2025, representing the accumulation of past budget deficits. This colossal figure translates to roughly $106,000 per American. The debt has surged significantly in recent years, particularly due to increased government spending during the COVID-19 pandemic and previous economic downturns. Interest payments on this debt are a growing concern, now exceeding $1 trillion annually and consuming a substantial portion of the federal budget. Projections indicate the debt will continue to rise, driven by factors like an aging population and rising healthcare costs, posing long-term fiscal challenges.