Special Report
The National Debt Increased The Most Under These US Presidents
May 5, 2023 2:35 am
Last Updated: May 30, 2023 11:44 am
Source: Washington Bureau / Archive Photos via Getty Images
11. Richard Nixon (in office from 1969-1974)
> Compound annual growth rate for years in office: 6.1% ($24.3 billion)
> Overall change in national debt during presidency: +34.3% (+$121.3 billion)
> Total federal debt first year in office: $353.7 billion (34.8% of GDP)
> Total federal debt final year in office: $475.1 billion (30.7% of GDP)
> Party affiliation: Republican
10. Barack Obama (in office from 2009-2017)
> Compound annual growth rate for years in office: 6.9% ($1.0 trillion)
> Overall change in national debt during presidency: +70.0% (+$8.3 trillion)
> Total federal debt first year in office: $11.9 trillion (82.3% of GDP)
> Total federal debt final year in office: $20.2 trillion (103.9% of GDP)
> Party affiliation: Democratic
24/7 Wall St.
Source: Hulton Archive / Archive Photos via Getty Images
9. Herbert Hoover (in office from 1929-1933)
> Compound annual growth rate for years in office: 7.4% ($1.4 billion)
> Overall change in national debt during presidency: +33.1% (+$5.6 billion)
> Total federal debt first year in office: $16.9 billion (16.2% of GDP)
> Total federal debt final year in office: $22.5 billion (39.4% of GDP)
> Party affiliation: Republican
8. Joe Biden (in office from 2021-Present)
> Compound annual growth rate for years in office: 8.8% ($2.5 trillion)
> Overall change in national debt during presidency: +8.8% (+$2.5 trillion)
> Total federal debt first year in office: $28.4 trillion (121.9% of GDP)
> Total federal debt as of September 2022: $30.9 trillion (120.2% of GDP)
> Party affiliation: Democratic
Source: iip-photo-archive / Flickr
7. Donald J. Trump (in office from 2017-2021)
> Compound annual growth rate for years in office: 8.9% ($2.0 trillion)
> Overall change in national debt during presidency: +40.4% (+$8.2 trillion)
> Total federal debt first year in office: $20.2 trillion (103.9% of GDP)
> Total federal debt final year in office: $28.4 trillion (121.9% of GDP)
> Party affiliation: Republican
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
