27 February 2023
The average person in the U.S. is around $96,400 in debt. If Americans would be charged by their hometowns and cities for the debt they have taken on in the name of their residents, a fairly big sum would be added to that tally. According to a report by think tank Truth in Accounting, 50 out of the 75 largest cities in the U.S. are currently running a deficit – in some cases a major one.