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How serious will the debt crisis in the USA become? The unfunded liabilities that U.S. taxpayers will face over the next 75 years are estimated at $78.3 trillion. According to the Treasury's financial report for the 2023 fiscal year, the U.S. will spend $215.7 trillion on Social Security and Medicare during this period. Tax revenues for the same period are projected to be only $137.4 trillion. The U.S. Treasury estimates that the funding shortfall over the 75-year forecast will reach $175.3 trillion. For comparison, this is almost as much as all the expenditures since the adoption of the Constitution in 1787, even adjusted for inflation.

How serious will the debt crisis in the USA become?

The unfunded liabilities that U.S. taxpayers will face over the next 75 years are estimated at $78.3 trillion.

According to the Treasury's financial report for the 2023 fiscal year, the U.S. will spend $215.7 trillion on Social Security and Medicare during this period.

Tax revenues for the same period are projected to be only $137.4 trillion.

The U.S. Treasury estimates that the funding shortfall over the 75-year forecast will reach $175.3 trillion.

For comparison, this is almost as much as all the expenditures since the adoption of the Constitution in 1787, even adjusted for inflation.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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