Staying Informed - One website that says a whole lot…
There are a few things we can learn from this website.
Our current gross domestic product is a little over $16 trillion and of that $2.9 trillion is federal tax revenue and around $2.8 trillion state and local tax revenue, which means 36% of everything we produce goes to taxes!
We can also see that our budget deficit is $646 billion (which will increase as debt and interest rates increase), our liabilities (Social Security & Medicare) are at $128 trillion and the official unemployment number is 10 million people (The real figure is actually 19 million).
- U.S. National Debt
- Debt Per Citizen
- Debt Per Taxpayer
- Debt Per Family
- Savings Per Family
- Total Personal Debt
- Mortgage Debt
- Consumer Debt
- Credit Card Debt
You make better choices when armed with better advice. My recommendation is that you pay attention and have a plan. If you would like to speak with a retirement planning specialist to put plan in place (or review your current plan), call us at (775) 853-9033.