Saturday, October 8, 2022

Putting Big Numbers in Context

The US government debt has passed $31 trillion. That's a big number.

To put it in context, less than 64 billion seconds have passed since Jesus was born:

60 * 60 * 24 * 365 * 2022 = 63,765,792,000

This means that the US government has gone into dept at a rate equivalent to $485 for every second since the birth of Jesus.

However, almost all of the debt has been accumulated over the past 40 years, over which period debt has grown on average by $24,500 every second.

But 1/3 of this debt was accumulated over the past 5 years, putting the current rate of debt accumulation above $65,000 per second.

US-$10-FRN-1914-Fr.898a.jpg
Federal reserve note

By National Museum of American History - Image by Godot13, Public Domain, Link

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