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	<title>US Debt Archives - Iran News Daily</title>
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	<title>US Debt Archives - Iran News Daily</title>
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		<title>US debt soars nearly $1.4 trillion Y/Y, rising $44,000 per second</title>
		<link>https://irannewsdaily.com/2018/12/us-debt-soars-nearly-1-4-trillion-y-y-rising-44000-per-second/</link>
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		<pubDate>Sat, 29 Dec 2018 12:07:31 +0000</pubDate>
				<category><![CDATA[economic]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[US Debt]]></category>
		<category><![CDATA[US Treasury Department]]></category>
		<guid isPermaLink="false">https://irannewsdaily.com/?p=45803</guid>

					<description><![CDATA[<p> The year-on-year surge in US sovereign debt has totaled $1.37 trillion, the latest data released by the US Treasury Department shows. The national debt reportedly rose to $21,863,635,176,724.12 as of December 20 of the current year compared to $20,492,874,492,282.58 on December 25, 2017. The current US population stands at 328,082,386 according to the December statistics [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2018/12/us-debt-soars-nearly-1-4-trillion-y-y-rising-44000-per-second/">US debt soars nearly $1.4 trillion Y/Y, rising $44,000 per second</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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<p class="summary introtext"><strong> The year-on-year surge in US sovereign debt has totaled $1.37 trillion, the latest data released by the US Treasury Department shows.</strong></p>
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<p>The national debt reportedly rose to $21,863,635,176,724.12 as of December 20 of the current year compared to $20,492,874,492,282.58 on December 25, 2017.</p>
<p>The current US population stands at 328,082,386 according to the December statistics produced by the Census Bureau, a unit of the US Department of Commerce. Rough calculations show that Christmas-to-Christmas growth in the federal debt equals approximately $4,178.10 per average US citizen.</p>
<p>According to Census Bureau estimates, there were 127,586,000 households in the country in 2018, which means that an average American family owes some $10,743.82.</p>
<p>Moreover, since the end of the last fiscal year through December 20, the federal government added some $340 billion to the country’s sovereign debt. That means the debt had been skyrocketing at around $3.8 billion per day, or nearly $44,000 per second.</p>
<p>US debt is expected to hit $22 trillion in the near future and the ongoing government spending will drive the debt to $33 trillion within a decade.</p>
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<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2018/12/us-debt-soars-nearly-1-4-trillion-y-y-rising-44000-per-second/">US debt soars nearly $1.4 trillion Y/Y, rising $44,000 per second</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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