Total US debt at the end of the first quarter of 2014, on March 31 totaled almost $59.4 trillion – up nearly $500 billion from the end of the fourth quarter of 2013, according to the latest economic data from thethe St. Louis Federal Reserve.
SEE ALSO: 25 of the most baffling ways the american government is spending its money
Economists have not agreed on how to stave off the impending crisis. But Americans’ addiction to spending on credit will not help.
SEE ALSO: Sell your crap. Pay your debt. Do what you love.
Infographic below provides a timeline and a graph to show the percentage of debt in relation to GDP since 1940 (click to enlarge)
US Debt Visualized: Stacked In $100 Bills
No comments:
Post a Comment