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The US public debt is 72.5% of GDP. This is roughly equivalent to a person owing a debt of 72.5% of their annual income. High, but not impossible to pay off b
by swatow 12y ago
The US public debt is 72.5% of GDP. This is roughly equivalent to a person owing a debt of 72.5% of their annual income. High, but not impossible to pay off by any means.
- khuey 12y agoFor a person net worth is a lot more meaningful than debt. I wonder if anyone has ever tried to calculate the net worth of the United States.
- cfallin 12y agoWikipedia [1] says $123.8 trillion, or ~$391k per capita (for the 2013 population of 316M). That's 7.23 years of GDP. That's actually much higher than I would have thought! [1] http://en.wikipedia.org/wiki/Financial_position_of_the_United_States http://en.wikipedia.org/wiki/Financial_position_of_the_Unite...