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👋Hi Friends,
📆This Week’s Topic
This week we are discussing the theme of the US national debt.
There has been a lot of updates on this since we last talked about this topic ,the US national debt is the amount of money the United States as a country owes to it’s creditors. As of August 2025 the government had suggested that the US national debt was around 29 trillion dollars.
💳 Cause & Effect
There are many causes for the United States national debt, However one of the most recent reasons for addition to the US national debt is the new House Policy Bill. The House Policy Bill aims to reduce taxes and increase and or decrease the federal spending on certain national programs. This bill affects a full range of USDA (U.S. Department of Agriculture) including the Supplemental Nutrition Assistance Program (SNAP). Furthermore Section 10101 of the bill prohibits the USDA from increasing the cost of the Thrifty Food Plan (TFP) and any annual adjustment to the cost of the plan must be based on Consumer Price Index For All Urban Customers.
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📊 Statistics
The national debt of the US has grown exponentially over the years, for example the US national debt one hundred years ago was $20.25 billion ($301.26 billion when converted to today's money accounting for inflation). The US had their lowest amount of debt ever on January the 8th 1835, under president Andrew Jackson when he paid off the entire US National Debt, this was the only time in US history this milestone would be accomplished. The absolute most the US National Debt had ever grown was the during the Coronavirus (COVID-19) pandemic in the year 2020, when the US National Debt increased by over $4 trillion.
🔚 Outcome
The US debt is expected to increase in the incoming years due to inflation. The only probable way is that the US pays the debt off in small amounts annually. For example, they could be paying off the government in debt by contributing $500 million per year. This sum is pretty small in comparison.
⛱ Consumer Effect
There are many possible effects of the US National Debt growing, however most of them are not as obvious as one might expect. As this bill is decreasing taxes there is obviously not going to be an increase in taxes to make up for the new found National Debt, on the contrary it is possible that due to increased government borrowing the competition for credit will increase, in turn increasing the various interest rates for certain loans such as mortgages, auto loans, and credit cards.
🏢Business Effect
Many things could effect business to do with US national debt, for example if investors were to lose their confidence in the fact that the US could not handle it’s debt then they could demand higher interest rates or stop buying US debt altogether. This could lead to a fiscal crisis, causing significant instability in financial markets this could possibly effect business from accessing credit and could stop their ability to plan for the future.
⏳ Final Summary
In summary the U.S. National Debt may grow or shrink depending on many factors, recently the debt has been increased due to the new bill passed, some effects of the debt increasing in terms of consumers will include increased competition for credit due to the increased borrowing from the government. Some effects in the business side of things that might be noticed are investors losing faith that the US could handle its debt then they would demand higher interest rates possibly leading to market instability.
🙏Thank You & Important Information
Well this concludes this week's edition of Friday Finance! Thank you very much for reading and supporting us on this amazing journey!
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Tiernan-Mckew-Vignerot& Jacob Gans
Friday Finance