Apparently the United States government has a lot of debt. Who knew?
The gargantuan $27 trillion debt (which is growing all the time and getting worse with each succesive president) goes to a lot of places. That's what my newest article for BiggerPockets is about. It uses info gathered by and put into nice, handy graphics by The Visual Capitalist to make the point. As you can see, the debt is growing in an unsustainable and almost exponential way:
Yeah, it's bad. As the piece notes,
“U.S. debt was relatively moderate between 1994 to 2007, averaging 60% of GDP over the timeframe. This took a drastic turn during the Global Financial Crisis, with debt climbing to 95% of GDP by 2012.
For more anaylsis (and cool charts) check the article out!
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