Business3h ago
U.S. national debt increased by $5.1 million a minute over the past year—that’s $117,279 for every American
AI EXECUTIVE SUMMARY
The U.S. national debt has been rising at an average rate of about $5.1 million per minute over the past year, according to a JEC report. This translates to roughly $7.35 billion each day and $306.4 million per hour. The increase equates to an additional $117,279 added to each American's share of the debt.
WHY IT MATTERS
It shows how rapidly the national debt is growing, increasing the financial burden on every citizen.
The rate of debt growth averages around $7.35 billion a day, a JEC report adds, or $306.4 million per hour—$5.11 million per minute.
This story was originally reported by Fortune. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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