Business & Finance
U.S. national debt passes $40 trillion mark
The total federal debt reaches a new record, amounting to more than $116,000 per American resident.
The short version
- The total United States national debt crossed $40 trillion for the first time on Wednesday.
- Across an estimated population of 343 million people, the figure amounts to roughly $116,618 per resident.
- The milestone follows prior thresholds of $38 trillion in October and $39 trillion in March, with projections indicating it could hit $41 trillion by year's end.
Key facts
- The United States national debt exceeded $40 trillion for the first time.[Scientific American]
- Divided across an estimated 343 million residents, the national debt equates to approximately $116,618 per person.[Scientific American]
- The federal debt had previously crossed $38 trillion in October and reached $39 trillion in March.[Scientific American]
What remains uncertain
- Whether the total national debt will rise to $41 trillion by the end of the year as currently projected.[Scientific American]
Sources
- The national debt is $40 trillion. What does that mean mathematically?Scientific American metered