What does the rising U.S. national debt mean to the financial markets? Just as with individuals, the more debt we take on the higher the interest rate we have to pay—and we’ve recently seen what rising interest rates can do to stock and bond prices.
So how fast is the national debt increasing? In the 30 seconds you spent the paragraph above, it rose about $1.5 million. Did you just do a double take? That cost you another $250,000.
Maybe you can’t stop the rise of the national debt (not immediately, anyway), but at least you can educate yourself about it with Online Trading Academy’s new real-time United States National Debt Clock. See exactly what the current figure is down to the fraction of a second. Learn what it means to you in the share of the debt for each family and individual.
You can also track the growth of the annual debt over the terms of recent presidents—Obama’s the biggest spender measured by annual percentage gain, but you may be surprised to discover who is #2. Find out how our debt compares to other countries. And much more—including some thoughtful quotes on how the U.S. should handle the debt situation.
America is the land of plenty—debt included. Take a look and, while it may not help you sleep better at night, at least you’ll have some conversational fodder next time you visit the trading room at OTA. Our real-time National Debt Clock is available here.