A great way to start the week
Posted November 10, 2008
Let me bring some sunshine to your Monday morning!
Mint.com has put the U.S. debt situation into numbers we can understand. The median U.S. household income is about $50,000 a year. The federal government brings in about $3 trillion. They adjusted the federal income to the average household income. So, if the U.S. government was an average U.S. household, it would owe just over $189,000.
We owe foreign lenders about a quarter of that amount, and the site looks at how much we owe some of those individual debts. For instance, we have an $11,000 balance with Japan. We paid off $156 in the last year, but we charged $181 in the last month.