If the federal government's debts, liabilities, and unfunded obligations were equally divided among all U.S. households, how much per household would this be?
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At the close of the federal government's 2019 fiscal year, it had accumulated $103.7 trillion in debts, liabilities, and unfunded obligations. This amounts to $806,181 for every household in the United States, or 29 times annual federal revenues. Unlike reckonings of federal finances that extend into the indefinite future, this shortfall is only for American adults who are alive right now. Thus, it represents the burden that today's adults are placing on future generations.
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