Breaking down the United States debt debacle.

The U.S. debt crisis is deepening:

Total U.S. debt surged to a record $98.8 trillion in Q2 2025, equivalent to 324% of GDP.

​Federal debt climbed to nearly $38 trillion over 123% of GDP.

​Nonfinancial

corporate debt rose to $21.9 trillion, about 72% of GDP.

​Financial corporate debt stood at $20.9 trillion, equal to 69% of GDP.

​Household debt hit $20.5 trillion, roughly 67% of GDP.

America has never been this indebted.