Kathmandu. The U.S. debt situation continues to deteriorate. The federal government’s debt has exceeded $37 trillion.
The U.S. federal government’s spending on Social Security for the elderly has reached a record 9.4 percent of GDP. It was about 6 per cent in the 1980s and has since risen to about 56 per cent. It is expected to increase to 11 percent of the GDP in the next 10 years.
This is due to rising healthcare costs in the U.S. The number of elderly people is also increasing and people are living longer.
Life expectancy in the United States is close to 80 years. This means that people are now receiving higher benefits after retirement.
Interest payments and social security programs for the elderly contribute significantly to the budget deficit. It is believed that if this situation continues and is not improved, by 2032 America’s elderly people could stop receiving the full amount of Social Security.
The U.S. Supreme Court has declared President Donald Trump’s tariffs illegal. This could worsen the debt situation in the United States.
Trump imposed reciprocal tariffs in many countries. Due to this, the government’s income started increasing. The budget deficit in January fell 26 percent from a year earlier to $95 billion. The government’s budget deficit fell 17 percent to $697 billion in the first four months of fiscal year 2026. –Agency
