#USNationalDebt

The U.S. national debt is a significant and growing concern for the country’s economic future. Below is a breakdown of its current situation, historical trends, projections, and impacts:

Current State

Current debt level: As of June 2025, the U.S. national debt exceeded $37 trillion. This figure includes both public and intragovernmental debt.

Debt per citizen/taxpayer: This translates to approximately $107,984 per citizen and $323,051 per taxpayer, highlighting the considerable burden on American workers.

Debt/GDP ratio: The national debt as a percentage of GDP was around 121% in the first quarter of 2025, significantly higher than historical averages.

Major contributors to spending: Key drivers of federal spending include Medicare/Medicaid, Social Security, and increasingly, the net interest on the debt itself, which has surpassed defense spending in recent times.