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national debt
Posted at 8:49am on Jan. 24, 2008 The National Debt as a Proportion of National Wealth
By blackhedd
I keep hearing people say that the national debt of about $9 trillion means that every man, woman and child in America owes a total of $30,000.
Pretty scary.
So since we're doing this on a per-capita basis, I thought I'd see how much every man, woman and child in America owns (financial assets plus real estate).
Turns out to be more than $180,000. The debt is one-sixth of our national wealth.
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