United States Federal Debt – “Interest”-ing Facts

Here are some facts I found interesting about United States Federal Debt.

  1. 1835  The last time the U.S. federal government was “debt-free.” That’s a LONG TIME to be in debt!
  2. Prison  People used to go to PRISON for not repaying debts. It isn’t possible to put a government in prison.
  3. It’s been worse  The U.S. was in more debt (as a % of GDP) at the end of World War II than it is right now. There’s hope!
  4. Zombie Debtor  A British term for people who make “interest-only” payments.
  5. $52,203  Amount of debt owed by each U.S. citizen if the debt were split equally.
  6. $50,100  Average amount of debt currently owed by each U.S. citizen – including mortgage, credit cards, student loans, vehicles, etc.

Which one of these do you find most compelling/interesting?

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  1. Mickey on January 15, 2013 at 4:31 pm

    #3 is amazing — no idea that it was worse before (%-wise)!

  2. Daphne on January 16, 2013 at 4:45 pm

    #5 — I don’t make that much money in a year pre-taxes…

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