What if a Typical Family Spent and Borrowed Like the Federal Government?
If a median-income family spent and borrowed like the federal government does, it would spend $61,000 despite earning only $52,000. It would pile $9,000 on top of an already massive debt of more than $311,000â€like having a mortgage, only without the house.
To view the interactive version of this chart, please update your browser to its most current version or switch to an alternate browser.
FIGURES BASED ON THE 2014 BUDGET
Sources: Congressional Budget Office, Treasury Department, and U.S. Census Bureau.