#USNationalDebt The US national debt is approximately $36.2 trillion as of May 2025, with each citizen's share being around $106,000. This debt has been accumulating due to the government's spending exceeding its revenue, resulting in budget deficits. To put this number into perspective, the debt-to-GDP ratio stands at 121%, indicating that the country's debt is roughly 1.21 times its annual economic output ¹.

*Key Factors Contributing to the Growing National Debt:*

- *Demographics*: The aging baby-boom generation and increased life expectancy are putting pressure on federal programs like Social Security and Medicare.

- *Rising Healthcare Costs*: Healthcare expenses are growing rapidly, accounting for nearly one-fifth of the US economy.

- *Inadequate Revenues*: The US tax system doesn't generate enough revenue to cover government spending, leading to higher deficits and debt.

*Impact of the National Debt:*

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

- *Reduced Investment*: Rising interest costs divert resources away from essential investments in areas like education, infrastructure, and healthcare ².

The national debt is a complex issue that requires careful consideration and management to ensure the country's economic stability and prosperity.