Another Way to Think About
Another Way to Think About These Numbers
Debt held by the public—$4.3T
Gross debt per person—about $25,000
If we add everything on the previous slide, the burden is more than $150,000 per person or more than $365,000 per full-time worker. Alternatively, it amounts to a total burden of more than $45 trillion in current dollars, which is about 18 times the current annual federal budget or about 3.7 times the current annual GDP. This compares with an estimated $48.5 trillion in total net worth, including home equity, for all Americans.
Note: The calculations are based on 75-year projections for Social Security and Medicare.
