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Chart of the Day: % of Debt Per GDP

Crews Bank & Trust Wealth Management Services Sep 19, 2024
teal and green peaks of US debt from 1790 projected into 2054

Contents

Today’s Chart of the Day from Vanguard shows the US debt as a percentage of GDP (Gross Domestic Product), which is a measure of all the goods and services generated by the United States.This gives some context as the dollar today in proportion to the size of our economy is different than 20 or 40 years ago. Note that the US started printing money after the Great Recession in 2007 and never stopped. We then stepped on the gas during COVID-19. Unfortunately, the levels are now “in the budget” and unless something changes the trajectory is nothing but up. As with all things, we need to keep an eye on because it can’t stay on this path forever.
Chart of the Day

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

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