Tags: debt | Greece | person | higher

US Per-Person Debt Now 35% Higher Than Greece

Tuesday, 06 Nov 2012 08:59 AM

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The per-person debt of the United States now stands 35 percent higher than that of Greece, tallying $53,400 for every single American.

Figures from the International Monetary Fund show that the debt pricetag will be $16.8 trillion by the end of 2012. In Greece, it’s $441 billion, the Weekly Standard reports.

When broken down per person in each country, the debt is $53,400 in America and $39,400 in Greece, a disparity which has expanded 40 percent since 2011, making America’s per-person debt is now 35 percent higher than that of Greece.

White House projections show gross federal debt set to rise to $25.4 trillion by 2022.

An analysis done by CNSNews.com shows that if Americans under 18 were required as a group to pay off the debt in equal shares, it would cost each about $218,676.

Since President Barack Obama took office, the debt has jumped approximately 53 percent — from approximately $143,255 per American under 18 to approximately $218,676 per American under 18, the CNSNews.com analysis found.

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