Data in this graph are copyrighted. Below, a look at some of the issues in the debate over the nation’s debt. Series from Treasury Bulletin, U.S. Treasury: Financial Management Service. 1 in 1842, and finally from Jul. The debt was just $65 million in 1860, but passed $1 billion in 1863 and had reached $2.7 billion following the war. This data table is a list of US National Debt by year by President. Consumer debt was approaching $14-trillion in the third quarter of 2018, according to the New York Federal Reserve. 44.7 Million people. Fiscal Service, Units:  Americans also now owe more than $1.53 trillion in student loan debt, with the average student loan debt amount of $37,172 and monthly payment of $393 based on the most current figures available to Nitro. This can not be undone. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. . The Trading Economics Application Programming Interface (API) provides direct access to our data. American Debt: Auto Loan Balances Hit $1.36 Trillion in 2020 Government Debt in the United States averaged 4613478.28 USD Million from 1942 until 2021, reaching an all time high of 27902364 USD Million in February of 2021 and a record low of 60000 USD Million in January of 1942. US Small Business Optimism Improves Slightly, US Wholesale Inventories Unrevised in January, Milan Stocks Continue to Advance Beyond 1-Year High, French Stocks Up for 2nd Day at 1-Year High. Here’s who owns a record $21.21 trillion of U.S. debt - MarketWatch The first fiscal year for the U.S. Government started Jan. 1, 1789. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Federal Reserve Bank of St. Louis; Solution for The following graph shows the average American household debt h as a function of the date d. 140 120 100 80 47% 60 40 20 1955 1965 1975 1985 1995… Families with the lowest quartile of net worth (median net worth of $310) hold an average of $4,830 in credit card debt, although only 44% have card debt. Federal Debt: Total Public Debt (GFDEBTN) | FRED | St. Louis Fed retrieved from FRED, The US debt is now projected to be larger than the US economy - … The first column represents the fiscal year, followed by the deficit for that year in billions. The number used per year is the accumulated national debt as of September 30 of any given year, as that is the end of the federal governments fiscal year. Includes legal tender notes, gold and silver certificates, etc. The State of the American Debt Slaves, Q1 2019 | Wolf Street Charting the American Debt Crisis America has a long history of raising the debt limit to accommodate spending. To allow comparisons over the years, public debt is often expressed as a ratio to gross domestic product (GDP). 1 … The Median Debt of Americans by Age, Education, and Other … Quarterly, End of Period. US National Debt Clock : Real Time U.S. National Debt Clock Fiscal Service, More Federal Debt: Total Public Debt [GFDEBTN], The history of the United States public debt started with federal government debt incurred during the American Revolutionary War by the first U.S treasurer, Michael Hillegas, after its formation in 1789.The United States has continuously had a fluctuating public debt since then, except for about a year during 1835–1836. Publish your articles and forecasts in our website. U.S. Department of the Treasury. The next column is how much the St. Louis, MO 63102, U.S. Department of the Treasury. 1942-2021 Data | 2022-2023 Forecast | Historical. Releases from U.S. Department of the Treasury. Are you sure you want to remove this series from the graph? The debt grew steadily into the Twentieth Century and was roughly $22 billion as the country paid for involvement in World War I. Congress changed the beginning of the fiscal year from Jan. 1 to Jul. Average American family credit card debt: $6,270 Total outstanding U.S. consumer debt: $4.2 trillion Total credit card debt: $807 billion 45.4% of families carry some sort of credit card debt. Millions of Dollars, Not Seasonally Adjusted, Frequency:  However, there is hesitation among the political class as to what must be done to pay down and eliminate this debt. Categories > National Accounts > Federal Government Debt.