A great way to start the week
Posted November 10, 2008 6:33 a.m. EST
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.