US national debt surpasses $31 trillion for the first time ever.
American economic history took a new turn and the US national debt hit a record $31.4 trillion for the very first time. This was in addition to the high inflation and surging interest rates.
According to recent reports, about $5.6 billion is added to the US national debt every day in the year 2022. This is considered to be quite high and terrifying over the long term.
The US debt was at $29.48 trillion on the 1st of January 2022.