Contact Us

The U.S. Debt is at $16 Trillion, How Long Will it Take to Pay it Off?

Getty Images, photo by Mark Wilson

The United States current debt is $16 trillion dollars, an amount no person on this planet has ever and will never amass as personal wealth. In layman’s terms, ‘that’s whole lotta money’. In 2008 the U.S. debt was $9.6 trillion and since then it has increased $6.4 trillion, the largest debt increase in U.S. history. How long will it take to payback such a huge amount of money? Here are some examples:

First, to amass a trillion dollars you would have to spend one dollar every second of every day for 31,688 years. So to get to 16 trillion it would take 507,008 years.

Now the payback:

To payback a million dollars, at a rate of a dollar per second, it would take 11.5 days.

To payback a billion dollars, at a rate of a dollar a second, it would take 32 years.

To payback a trillion dollars, at a rate of a dollar per second, it would take the same time it took to amass such a debt, 31,688 years.

Another way to look at it is if your family has an income of $50,000 a year and you don’t use any of it for living expenses and used it only for the government’s $1 trillion in new debt every year, it would take you 32 million years to pay off the one year of debt. So if want to pay off the current $16 trillion in debt, it would take you ‘five hundred and twelve million years’.

Foxnews.com

Best of B985

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://b985.fm using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Stinger's Scoop Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Stinger's Scoop Club contests, events, coupons, presales, and much more delivered to you for FREE.