1,000,000,000,000 is such a number. But that’s just a base line for the other numbers that are about to follow.
In case you are wondering one million million equals one trillion or 1,000,000,000,000 if you are doing the math.
1.2. That’s the number of dollars (in trillions) our kids owe in student loans. Up from a scant $200 billion when they started first grade.
$439 Billion. That’s the amount of the 2015 Fiscal Year Federal Budget deficit — chump change compared to the numbers below
$1.3 Trillion. The amount of the projected Fiscal Year Budget deficit in the year 2025.
$19.2 Trillion. The current total amount of the US National Debt. This number changes fast. For the most accurate estimate check out the US Debt Clock.
$55 to $222 Trillion. The estimated total amount of unfunded liabilities owed by the US Federal Government – primarily Social Security, Medicare and Medicaid. To get a more comprehensive report on the US debt, download this information from the Mercatus Center at George Mason University.
Thanks to Rick Kahler at Kahler Financial Group for this great infographic. For his take on these numbers read his blog post. For more info about Rick Kahler and the Kahler Financial Group or to subscribe to his blog, visit his website, kahlerfinancial.com .