US Treasury report reveals $142 trillion in federal debts, liabilities, and unfunded obligations, equating to 93% of America's wealth since its founding.

The US Treasury report reveals $142 trillion in federal government debts, liabilities, and unfunded obligations, equating to 93% of America's wealth since its founding, according to accrual accounting. This figure includes commercial assets, and consists of $26.3 trillion in debt, $16.6 trillion in unaccounted liabilities, and $104.2 trillion in unfunded social insurance obligations. The impact per person is $430,252, and per household, it's $1,098,087, which is twice the annual US GDP.

August 13, 2024
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