U.S. Debt Now $136,260 Per Household—Up 50% Under Obama
By Terence P. Jeffrey
September 4, 2012
President Barack Obama in Toledo, Ohio, on Sept. 3, 2012. (AP Photo)
(CNSNews.com) -The U.S. government debt, which topped $16 trillion for the first time at the close of business on Friday, now equals approximately $136,260 for every household in the country.
Just since President Barack Obama was inaugurated on Jan. 20, 2009, the debt has increased by $45,848 per household—or about 50 percent per household.
As of Friday, the debt was 16,015,769,788,215.80. According to the Census Bureau, there were approximately 117,538,000 households in the country in 2010. Thus, the current debt equals about $136,260 per household.
When President Obama was inaugurated in 2010, the debt was 10,626,877,048,913.08 and has since increased by 5,388,892,739,302.72. That equals an increase of about $45,848 per household.
