How rising US national debt impacts the average American

The federal debt in America is rising, and financial analysts are warning that it could have a substantial impact on everyday Americans.

The U.S. national debt stands at 36.9 trillion today. While many Americans may not think about how the federal deficit affects their lives, America's excessive borrowing can drive up interest rates and increase the risk of inflation.

Why It Matters

The federal debt plays a role in interest rates, which can have significant effects on the larger U.S. economy. If the government is forced to print more money to handle its debt, inflation can skyrocket for Americans as well.

What To Know

Concerns over the budget deficit have been increasing for Americans in recent years. A 2023 Pew Research survey found that 57 percent believed reducing the budget d