Contributor: No one can grasp trillions. Here's how to make sense of federal spending and debt

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Contributor: No one can grasp trillions. Here's how to make sense of federal spending and debt

latimes.com/opinion/story/2025-06-26/federal-budget-spending-national-debt-trillions

I’m a finance professor at UCLA, so let’s talk finance. Which numbers are more meaningful to you?
Having $50 to $100 cash in your pocket (rough average for an American) or knowing the total U.S. currency in circulation is $2.4 trillion?
Owing $7,300 on your credit card (average balance…

This story appeared on latimes.com, 2025-06-26 10:00:00.