On average, how much per year does interest on the national debt cost every household in the U.S.?
Correct Answer $1,000 to $5,000 Tell Me More
In 2017, the interest on the national debt was $456 billion, or $3,610 for every household in the United States. Measured as a portion of federal revenues, interest on the national debt is currently low compared to previous decades, because the average interest rate is much lower than historical norms. However, the Congressional Budget Office "anticipates that those payments will increase considerably as interest rates return to more typical levels."
Documentation Interest on the National Debt Interest Rate Drivers