The National Debt And The Cost Of Everything – OpEd

How much more are you paying for everything because of the U.S. government’s excessive spending?

Writing at The Hill, economist Rachel Greszler starts with just the cost of paying interest on the national debt and expresses what that means in terms of average household expenses:

U.S. consumers paid $160 billion in credit card interest in 2024, averaging just under $1,200 per household. That’s a lot of money, but it’s only one-sixth as much as the $1.028 trillion we paid in net interest on the federal debt in fiscal 2025.