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?
At the close of the federal government's 2020 fiscal year, it had accumulated $114.3 trillion in debts, liabilities, and unfunded obligations. This amounts to $889,802 for every household in the United States, or 31 times annual federal revenues. Unlike calculations of the federal government's fiscal shortfall that extend indefinitely into the future, the figure of $114.3 trillion only includes debts, liabilities, and unfunded obligations for Americans who are alive right now. Thus, it represents the burden that today's Americans are placing on future generations.
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