US federal debt tops $36 trillion

The US national debt has surpassed the $36 trillion mark, with figures from usdebtclock. org indicating that every man, woman and child in America now owe more than $106,600, while taxpayers owe the equivalent of over $272,800.

The data shows that the federal debt to GDP ratio now stands at 122.85% – up from 55.36% in the year 2000, and 34.71% in 1980.

Accounting for state, local, student loan, credit card and personal debt, US debt is estimated to total over $102.63 trillion – nearly matching the $105.4 trillion value of the entire global economy in 2023.