As of March 31, 2022, the official debt of the United States government is $30.4 trillion. This amounts to $91,406 for every person living in the U.S., $233,978 for every household in the U.S., 7.1 times annual federal revenues, and 132% of annual U.S. economic output. The vast bulk of this debt is due to increased spending on social programs. The burdens of government debt can manifest gradually or abruptly in the form of inflation, lower wages, higher taxes, or combinations of such results.