Visual Capitalist August 5, 2024
The U.S. National Debt Reaches $35 Trillion
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
The U.S. national debt hit a new $35 trillion landmark, just halfway into 2024.
Since January, the U.S. debt pile has expanded by $1 trillion alone, moving the debt-to-GDP ratio to 98%. By 2032, the International Monetary Fund projects that this ratio could surpass 140% under current policies. Despite the looming threat to U.S. fiscal sustainability, neither Republican or Democratic parties show political incentive to address the rapid pace of borrowing.
This graphic shows the ballooning U.S. national debt, based on figures from the U.S....
Today's Sponsors
Today's Sponsor