#USNationalDebt The US national debt is approximately $36.2 trillion as of May 2025, with each citizen's share equivalent to around $106,000. This debt has been increasing over time due to the government's spending exceeding its revenue, resulting in budget deficits.

*Key Factors Contributing to the National Debt:*

- *Aging Population*: The retirement of the baby-boom generation puts pressure on federal programs like Social Security and Medicare.

- *Rising Healthcare Costs*: Increasing healthcare expenses drive up spending on programs like Medicare and Medicaid.

- *Inadequate Revenues*: The tax system doesn't generate enough revenue to cover government spending.

*Consequences of the National Debt:*

- *Interest Payments*: The government spends over $2.6 billion daily on interest, which is the fastest-growing part of the federal budget.

- *Reduced Investment*: Rising debt and interest payments may reduce resources available for investing in the economy and social programs.

- *Intergenerational Burden*: The growing national debt may burden future generations with debt repayment and reduced economic opportunities.