Visualizing the Rising Cost of Government Debt

By Dorothy Neufeld – Visual Capitalist

Today’s high interest rate environment is making the cost of servicing the national debt more expensive, and this is projected to increase further in the future.

While the previous decade of low rates made high debt loads easier to manage, the current climate paints a very different picture. Roughly $2 billion is spent each day on America’s debt costs, diverting funds away from other areas of the economy, such as infrastructure and Social Security. As debt accumulates on a global scale, many other countries face a similar reality.