As of March 1, 2021, the official debt of the United States government is $28.0 trillion. This amounts to $84,834 for every person living in the U.S., $218,016 for every household in the U.S., 134% of annual U.S. economic output, 7.6 times annual federal revenues, and 70% more than the combined consumer debt of every household in the United States. The burdens of government debt can manifest gradually or abruptly in the form of higher taxes, lower wages, reduced government benefits, decreased economic growth, inflation, or combinations of such results.