#USNationalDebt

The current US national debt stands at approximately $36.214 trillion, as of Q1 2025. However, some sources estimate it to be over $33 trillion as of late 2024, with real-time estimates suggesting it continues to grow.

*Breaking Down the National Debt:*

- *Total Debt*: The national debt includes debt held by the public and intragovernmental holdings, such as Social Security trust funds.

- *Debt Held by the Public*: This portion is financed through marketable securities like Treasury bonds, bills, and notes.

- *Intragovernmental Debt*: This portion represents debt owed to government agencies, like the Social Security Administration.

*Key Factors Contributing to the Growing National Debt:*

- *Demographics*: The aging baby-boom generation's retirement puts pressure on programs like Social Security and Medicare.

- *Rising Healthcare Costs*: The US healthcare system is the most expensive globally, driving up costs.

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

*Impact 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.

- *Future Generations*: Rising debt may limit resources available for investing in a stronger, more resilient future ¹.

*Current Statistics:*

- *Debt-to-GDP Ratio*: Approximately 120.8% ($36.214 trillion debt / $29.98 trillion GDP).

- *Per Person Debt*: Around $106,109 per person in America ².