Born in the USA: You're $98,000 in debt at birth

In recent months, the United States has seen its national debt skyrocket to staggering levels, which is expected to continue. This debt predicament is a matter that transcends political affiliations and spans across generations, impacting American citizens of all ages and socioeconomic backgrounds.

In this line, as of September 28, data compiled by Finbold indicated that the US national debt had reached an astonishing $33.11 trillion. Considering the nation’s population of 335.27 million, this equates to a debt burden of approximately $98,769.91 for each citizen. Among the world’s leading economies, the United States ranks second in national debt per capita, trailing only Japan, which carries a debt load of $13.50 trillion, translating to roughly $104,336 per citizen for its population of 129 million.

Italy follows with a per capita national debt of $58,202, encompassing a total debt of $3.61 trillion. France is next in line with a per capita national debt of $55,828. The United Kingdom rounds out the top five, where each citizen bears a debt of approximately $54,667.

Elsewhere, China, boasting the highest population worldwide at 1.47 billion, has a per capita debt of $9,849, tied to a national debt of $14.5 trillion. India, with a population of 1.41 billion, carries a per capita debt of $2,336 and a national debt of $3.29 trillion.

Implication of US national debt