US Total Debt Crosses $40 Trillion for First Time
Total US debt has officially reached $40 trillion for the first time, equivalent to about $119,699 per American.
Total US debt has reached $40 trillion for the first time in history. That works out to roughly $119,699 in debt for every American.
The debt balance is now up about $17 trillion since 2020 and about $30 trillion since 2008. The milestone underscores how quickly the total debt load has expanded over the past two decades.
The source described the current trajectory as an unsustainable fiscal path.
Source: The Kobeissi Letter