USA Deficit Debt in 2021

Ten years of deficits at $1.3 trillion per year is $13 trillion in total new deficits. Add that to the $14.8 trillion outstanding today, divide by 97 million above poverty line households, and we get about $286,000 per household, as shown in this next graph.

USA Debt Per Household Income


USA Debt Going Up


USA Debt Total Per Household


USA Nationa Debt Summary...Oh My God


How will this be paid. Simple answer inflation over time, 20 - 30 years US $ will be worth a fraction it is worth now compared to assets. This will be in the region of 5c to current $1. May as well quit your job and go back to work in 20 years because anything you save for retirement will be washed away. Yes simply give up, buy gold, oil & food stocks / ETF's is my recomendation.