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

More from B98.5

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 points and 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 points, 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 with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://b985.fm using your Facebook account.

*Please note that your points, 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.

Register on B98.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on B98.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!