US Debt Explodes to $37 Trillion
A compiled timeline for the last 10 trillion dollars added to the U.S. national debt, I wanted to share some perspective on just how fast this debt is growing. By the next bitcoin halving this will be closed to 47T
| Debt (USD) | Date Reached | Days Since Previous Level |
|---|---|---|
| $26T | June 10, 2020 | — |
| $27T | October 1, 2020 | 113 days |
| $28T | June 1, 2021 | 243 days |
| $29T | November 15, 2021 | 167 days |
| $30T | February 1, 2022 | 78 days |
| $31T | October 4, 2022 | 245 days |
| $32T | June 16, 2023 | 255 days |
| $33T | September 18, 2023 | 94 days |
| $34T | May 20, 2024 (estimated) | 245 days |
| $35T | September 10, 2024 (estimated) | 113 days |
| $36T | February 5, 2025 (estimated) | 148 days |
| $37T | June 1, 2025 (estimated) | 116 days |
From 27T to 37T
Average time per trillion added: ~136 days (~4.5 months)
Fastest jump: $32T → $33T in just 94 days
Total time to add $10T: ~1,359 days (~3 years y 8 months)
-----------------------------------------------------------
From 17T to 27T
Average time per trillion added: ~176 days (~5.8 months)
Fastest jump: $25T → $26T in just 36 days
Total time to add $10T: ~1,755 days (~4 years y 10 months)
-----------------------------------------------------------
From 7T to 17T
Average time per trillion added: ~285 days (~9.4 months)
Fastest jump: $13T → $14T in ~185 days (~6 months)
Total time to add $10T: ~2,850 days (~7 years y 9 months)
-----------------------------------------------------------
From 0.7T to 7T
Average time per trillion added: ~1,605 days (~4.4 years)
Fastest jump: $5T → $6T in ~730 days (~2 years)
Total time to add ~$6.3T: ~10,109 days (~28 years y 1 months)
[link] [comments]