Russ Greene: U.S. gross federal debt is about $300,000 per household, exceeding median net worth for those under 55

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Russ Greene: U.S. gross federal debt is about $300,000 per household, exceeding median net worth for those under 55 — U.S. debt per household exceeds net worth

U.S. gross federal debt amounts to approximately $300,000 per household.

Russ Greene stated that this figure is higher than the median household net worth in every age group below 55.

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In previous commentary, Russ Greene compared Peter Thiel's private funding of major tech companies to U.S. government spending on social programs and defense in an earlier article. Greene has also noted that boomers benefit from higher home values and receive federal dollars at ten times the rate of younger Americans, according to his analysis of generational wealth. These observations frame his ongoing examination of federal debt and household finances.

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