The US Treasury Department is now accepting Venmo and PayPal payments from those who want to donate money to reduce the nation’s ballooning $36.7 trillion debt.
As of Q1 2025 US household debt was $18.2 trillion dollars. This is like a guy who lives in a van down by the river asking a homeless guy to help him make his van payments.
As of Q1 2025 US household debt was $18.2 trillion dollars. This is like a guy who lives in a van down by the river asking a homeless guy to help him make his van payments.
https://www.newyorkfed.org/microeconomics/hhdc.html
Even worse - a guy who lives in a big, white house asking it of a guy who lives in a van down by the river.
Debt per capita is $108k. Median net worth is 121k. Median savings: $600. Yeah, this is something for the upper percentiles. The majority of the population can’t make a dent in the national debt.