March 2: America’s Ever-Increasing Debt
As of December 2020, America’s total public debt was $27.7 trillion - up 200% from 2008.
Source: Visual Capitalist and Statista
Published: October 2020 and February 2021
America’s Ever-Increasing Debt
As of December 2020, America’s total public debt was $27.7 trillion - up 200% from 2008 and exceeding the annual Gross Domestic Product (GDP), which is used to measure a country’s total economic output.
From 1994 to 2007, debt averaged about 60% of GDP, however, during the Global Financial Crisis in 2008 the debt began climbing, exacerbated by the COVID-19 pandemic.
------------
Did you appreciate the fact today?
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.