Sunday, July 21, 2024

Putting the National Debt Into Perspective We Can All Understand

 The federal government ran another big deficit in June, as the national debt inches closer to $35 trillion.

35 trillion USD. Trillion with a 'T.' That's an unfathomable number.

Let's try to put the $34.9 trillion national debt into perspective.

Visualizing 1 Trillion 1,000,000,000,000 It's hard to wrap your head around how big 1 trillion is, much less 35 trillion.

If you could say one number every second, it would take about 11.5 million days to count to 1 trillion.

If you had spent $1 million every day since the birth of Christ, you still wouldn't have spent $1 trillion.

If you had 1 trillion dollars, you could give every person on Earth approximately $125. One trillion grains of rice would weigh about 20,000 metric tons. 

https://www.moneymetals.com/news/2024/07/15/putting-the-national-debt-into-perspective-we-can-all-understand-003319

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