Statue of Liberty crushed by a large debt ball on a torn one-dollar bill, with Capitol in the background at sunset (economic crisis imagery)

Washington’s Debt is the Undoing of Us All

May 31, 2026

We hope you have taken refuge in gold and silver. If not, see us without delay, because Washington’s debt will be the undoing of both our country and those who don’t own gold and silver.

But see for yourself!

EVERYTHING IN THIS POST FROM THIS POINT FORWARD COMES DIRECTLY FROM THE MAY 2026 U.S. SENATE JOINT ECONOMIC COMMITTEE MONTHLY REPORT!

+$2.70T
Change in gross national debt
May 05, 2025 to May 05, 2026

$288,676
Gross national debt per household
May 05, 2026

GROWTH OF THE NATIONAL DEBT

  • As of May 05, 2026, total gross national debt is $38.91 trillion.
    • Debt held by the public is $31.26 trillion.
    • Intragovernmental debt is $7.65 trillion.
  • Relative to one year ago, total gross national debt is $2.70 trillion higher; relative to five years ago, it is $10.75 trillion higher.
  • Over the past year, the rate of increase averaged $7.39 billion per day, $307.98 million per hour, $5.13 million per minute, or $85,550.14 per second.
  • The increase in gross national debt over the past year amounts to $7,889.92 per person or $20,015.65 per household.
  • Total gross national debt amounts to $113,792 per person or $288,676 per household.
Line chart of daily increase in national debt (12-month moving average) from May 1996 to May 2026, showing fluctuations and spikes. (Source: U.S. Treasury)

Interest rate on U.S. debt

  • Net interest as a share of outlays is forecast by the Congressional Budget Office to be 13.95 percent in FY2026, 14.25 percent in FY2027, and 14.94 percent in FY2028.
  • As of April 2026, the average interest rate on the total marketable national debt is 3.373 percent. One year ago, it was 3.354 percent; five years ago, it was 1.491 percent.
  • The total amount of interest paid to trust funds over the past 12 months was $255.95 billion, an average of $21.33 billion per month.

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