How Much Do We Owe? That’s the $62 Trillion Question

It turns out this number — a staggering debt of $534,000 per household — has caused quite the controversy. James Agresti, president of Just Facts, wrote to me about an editorial from Bloomberg taking USA Today to task for making a miscalculation. That came as a shocker to me. USA Today wasn’t the first to project a number that size. And my colleague Bill Beach and I used that very data point during a presentation last week in Raleigh, NC."