Federal Debt Up $1.3 Trillion Since Last Thanksgiving; $10,137 Per Household

By Terence P. Jeffrey | November 27, 2019 | 11:41am EST
(Getty Images/Ron Sachs-Pool)
(Getty Images/Ron Sachs-Pool)

The federal debt has increased by $1,303,466.578.471.45 since last Thanksgiving, according to data released by the U.S. Treasury.

That is the largest Thanksgiving-to-Thanksgiving increase in the debt in nine years. The last time the debt increased more from Thanksgiving to Thanksgiving was in 2010, when it increased by $1,785,995,360,978.10.

It also equals approximately $10,137.48 per household in the United States.

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At the close of business on November 21, 2018—the day before last Thanksgiving—the federal debt stood at $21,769,263,916,844.09. At the close of business yesterday, it stood at $23,072,730,495,315.54.

That equaled an increase of $1,303,466,578.471.45.

That Thanksgiving-to-Thanksgiving increase in the debt worked out to approximately $10,137.48 for each of the 128,579,000 households the Census Bureau estimates there are in the United States in 2019.

The full federal debt of $23,072,730,495,315.54 now equals $179,444 per household.

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.





 

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