US national debt interest expense reached $1.4 trillion annually and is projected to rise to $1.7 trillion by 2028, soon exceeding Social Security spending.
Macro & Markets ·
Interest payments on the US national debt reached $1.4 trillion over the past 12 months, nearly triple the amount since 2020. If rates hold steady, these payments are projected to hit $1.7 trillion by November 2028, at which point they would exceed Social Security as the government's single largest expenditure.