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Updated 18:50 19/10/19

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U.S. Public debt to reach $18 Trillion

Peter Walden, News Editor
1 Dec 2014, 10:58 a.m.

At some point within the next two to three weeks total U.S. public debt will exceed $18 Trillion.

Since the start of the 2015 fiscal year the U.S. national debt on average has expanded by $2.08 billion per day. Once the national public debt reaches $18 Trillion each U.S. household will be on the hook for $124,275 which is up from $81,984 in 2008.

The $18 Trillion debt figure excludes all state and private debt such as mortgages, car loans, student loans and credit cards.

In the UK total public debt stands at £1.45 Trillion which equates to £50,401 per person in employment or £22,611 for every man, women and child in the UK.

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