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Chart of the Day: % of Debt Per GDP

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.

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