Balanced against the value of its commercial assets, the federal government had $124.1 trillion in debts, liabilities, and unfunded obligations at the end of its 2021 fiscal year. This amounts to 29 times federal revenues in 2021, or $955,407 for every household in the United States. 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. This situation is primarily due to social programs, which have grown from 21% of all federal spending in 1960 to 73% in 2021.