⚡️🇺🇸 NEW - The US national debt has reached a new record high of $38 trillion.
By way of comparison, it stood at:
🔹 $4.9 trillion in October 1995.
🔹 $8 trillion in October 2005.
🔹 $18.1 trillion in October 2015.
Thread
Login to reply
Replies ()
It nearly doubled every decade.
In short: With $38 trillion in national debt, the U.S. government currently pays between $970 billion and $1.2 trillion per year in interest, which corresponds to an average interest rate of about 3.3%.
View quoted note →