The $40 Trillion Tab: A National Crisis by Any Other Name The United States' national debt has surpassed a staggering $40 trillion, more than doubling since President Donald Trump took office in 2017.
This development should trigger alarm bells at the White House and on Wall Street, but drastic action to address the issue is unlikely. In just a decade, the debt has swelled from $19.
95 trillion, roughly equivalent to about $60,000 per person in 2017 dollars. Today, the burden is approximately $117,000 per individual and $297,000 for every household.