The US debt crisis is intensifying:
Total US debt reached a record $98.8 trillion in Q2 2025, equal to 324% of GDP.
Federal government debt rose to $35.6 trillion in Q2, but the most recent data shows it has reached $37.5 trillion, or 123% of GDP.
Nonfinancial corporate debt hit $21.9 trillion, representing 72% of GDP.
Financial corporate debt totaled $20.9 trillion, or 69% of GDP.
Household debt reached $20.5 trillion, corresponding to 67% of GDP.
America has never been this indebted.
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