#USNationalDebt The current US national debt💳 stands at approximately $36.56 trillion as of March 6, 2025. To break it down📈 further
💳Debt Held by the Public: $29 trillion
⭐Intragovernmental Holdings: $7.4 trillion
This debt is equivalent to
💰$106,109 per person in America🇺🇲
The main drivers of the growing national debt are
📊Demographics: America's aging population, with 10,000 people turning 65 every day through 2030, puts pressure on the federal budget, particularly on programs like Social Security and Medicare.
🏜️Rising Healthcare Costs: The US healthcare system is the most expensive in the world, and its rapid growth affects the federal budget and economic outlook.
🚀Inadequate Revenues: The US tax system doesn't generate enough revenue to cover spending, leading to higher 📉annual deficits and mounting debt.💳
The interest on the national debt is substantial, with:
💥 Daily interest payments exceeding $2.6 billion
✅Interest projected to nearly double in ten years, becoming a significant burden on the federal budget and hindering future economic growth.📊