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> Thus, $4.1 trillion in consumer debt works out to $12,638 per person. > The Gross Domestic Product (GDP) in the United States was worth 18036.65 billion (abo
by hackuser 10y ago
> Thus, $4.1 trillion in consumer debt works out to $12,638 per person.
> The Gross Domestic Product (GDP) in the United States was worth 18036.65 billion (about $18 trillion) US dollars in 2015. That is about $55,424 per person.
Another important number: Wealth in the U.S. is ~$90 trillion, or ~$270,000 per person. That makes $13,000 in debt seem easier to support.
Of course it depends highly on the distributions of wealth and debt. $80 billion of that wealth are in one person's hands, for example; he doesn't have debt problems.