Federal Fiscal Burden Consumes 93 Percent of America’s Wealth

The U.S. Capitol building is seen at sunrise on July 31, 2023. Madalina Vasiliu/The Epoch Times

News Analysis

Based on data from a U.S. Treasury report, the federal government has amassed $142 trillion in debts, liabilities, and unfunded obligations. This staggering figure equals 93 percent of all the wealth that Americans have accumulated since the nation’s founding, estimated by the Federal Reserve to be $152 trillion.