America's Total Debt - Full Report
$ 32 Trillion - - and soaring
- household, business, financial and government sectors -
- the full report, page 1 of 2 - with 11 pictures -
by Michael Hodges
email > mwhodges@att.net
updated March 2002
- a chapter of the Grandfather Economic Reports -
America has become more government spending-dependent and debt-dependent - - than ever before
with national debt of $32 trillion, or $115,000 per man, woman and child
I am concerned about the debt being passed to our younger generation. Who isn't?
The Grandfather Economic Reports (http://mwhodges.home.att.net/) is a series of picture reports of threats to the economic future of families and their children, compared to prior generations. You are now at the chapter on America's Total National Debt trends. Welcome. We hope your visit will find useful information to help you and your loved ones.
You may have previously viewed the historic pictures in the Federal Government Debt Report, which covers just the federal debt of $5.9 Trillion, or $21,000 per person. This chapter covers all U.S. debt, called America's Total Debt (defined as the sum of all recognized debt of federal, state & local governments, international, private households, business and domestic financial sectors, including federal debt to trust funds - but excludes the huge contingent liabilities of social security, government pensions, Medicare and other government off-budget items).
America Debt Total is now over $32 Trillion, or $115,322 per man, woman and child. This page tells the story with 11 pictures.
BIG PICTURE - - DEBT RATIOS - - DEBT PER PERSON - - EXCESS DEBT
DIMINISHED DEBT PRODUCTIVITY
MAJOR COMPONENTS of TOTAL DEBT REVEAL the CULPRITS
HOUSEHOLD DEBT - - DEBT SUMMARY TABLE
(detailed graphics on household, financial sector and government debt from link bottom of page)
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BIG PICTURE - $32 TRILLION IN DEBT, and rising rapidly -
and this excludes contingent liabilities such as social security, government pensions and medicare. The economy is 2-3 times more debt-dependent - with at least $15 Trillion DEBT EXCESS - - compared to the 1950s
The next 2 charts will show: first the debt in current dollars 1957 vs. today, and then adjusted for inflation in 2001 dollars. This chart compares total American debt today vs. 1957 in actual dollars.
Total American Debt is defined as all U.S. debt (federal and state & local governments, international, and private debt, incl. household, business and financial sector).
The chart shows the debt in 1957 was $693 billion (the left bar in the chart) - - or about $4,000 per capita
Today's debt has grown above $32 trillion (the right bar in the chart)- - 36 times higher - - to $115,322 per man, woman and child - or $461,000 per family of 4.
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