Great news, Amerika! You’re each and all $9,432 richer this year! Thanks, Sorcerers!
The federal debt increased by $1,203,343,570,253.55 in fiscal 2019, according to data released by the U.S. Treasury Department.
That equaled approximately $9,432 for each of the 127,586,000 households the Census Bureau estimated were in the United States in 2018.
In the decade that began on the first day of fiscal 2010 and ended on the last day of fiscal 2019, the federal debt increased by $10,809,572,749,922—for an average of $1,080,957,274,992.20 per year.
Remember, we owe this to ourselves. So, think of what you can buy when your cash comes in. Uh, but please don’t think about how this owing it to us stuff works. Some thoughts are not meant to be.