WASHINGTON, DC – Today, the Joint Economic Committee released its monthly debt update. As of September 4, total gross national debt is $37.43 trillion. Relative to one year ago, total gross national debt is $2.09 trillion higher; compared to five years ago, it is $10.73 trillion higher.

Over the past year, the rate of increase averaged $5.72 billion per day, $238.16 million per hour, $3.97 million per minute, or $66,156.25 per second. This increase over the past year amounts to $6,132.36 per person or $15,779.51 per household. In all, total gross national debt amounts to $110,020 per person or $283,098 per household.

If the average daily rate of growth continues at the same pace as the past three years, the U.S. will reach $38 trillion by approximately December 09, 2025. At that rate, an increase of another trillion dollars would be reached in approximately 169 days.

For the full update, with greater detail of the U.S. national debt, visit: https://www.jec.senate.gov/public/index.cfm/republicans/debt-dashboard#mdu