US federal debt tops $36 trillion as dollar’s decline, BRICS’ rise take toll
The US national debt has surpassed the $36 trillion mark, with figures from usdebtclock.org indicating that every man, woman and child in America now owe more than $106,600, while taxpayers owe the equivalent of over $272,800, Paralel.Az reports citing Sputnik.
The data shows that the federal debt to GDP ratio now stands at 122.85% - up from 55.36% in the year 2000, and 34.71% in 1980.
Accounting for state, local, student loan, credit card and personal debt, US debt is estimated to total over $102.63 trillion – nearly matching the $105.4 trillion value of the entire global economy in 2023.