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U.S. Debt Now $136,260 Per Household—Up 50% Under Obama
Posted By yihan On September 5, 2012 @ 9:44 am In Money Watch | Comments Disabled
Terence P. Jeffrey
Wednesday, September 5th, 2012
The U.S. government debt, which topped $16 trillion for the first time at the close of business on Friday, now equals approximately $136,260 for every household in the country.
Just since President Barack Obama was inaugurated on Jan. 20, 2009, the debt has increased by $45,848 per household—or about 50 percent per household.
As of Friday, the debt was 16,015,769,788,215.80. According to the Census Bureau, there were approximately 117,538,000 households in the country in 2010. Thus, the current debt equals about $136,260 per household.
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