Photo: Photo: Getty Images The national debt clock tracks the U.S. Use this to ignite a discussion and select one of these three interactives to extend their learning.Īmerican consumer credit card debt is approaching $1 trillion, and I have to wonder, is it in part because 90% of credit card Terms & Conditions require a college education to be understood? Interactives such as these and our Schumer Box fine print activity can at least help students understand their credit card statements and agreement forms.Īre you finding the math behind our increasing total household debt hard to wrap your mind around? If so, our Math Monday: Percent Change in Household Debt will help you solve the problem.ĭo your students wonder what happens when consumers fail to pay their debts? Our Debt Collectors Ed Puzzle has all the answers.įor those of you who teach economics, the debt clock is a treasure trove of discussion starters, and we have excellent resources to support whatever direction those conversations go. Updated on OctoReviewed by Erika Rasure Fact checked by Emily Ernsberger In This Article Why the Debt Clock Is Important When Was the Debt Clock Installed What Is the Debt Clock Warning Us About National Debt Clock in 2008, when it was expanded to 14-digits. As sobering as it is, it can serve as a springboard into multiple personal finance topics.īy the time readers are engaging with this article, our national student loan debt may have surpassed $1.7 trillion. Two-thirds of the clock shows the public debt by way of treasury bills, notes, and bonds - this covers individuals, businesses, and foreign governments. Debt Clock illustrates our soaring debt by the second. The US National Debt Clock covers the outstanding debt owed by the federal government.
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