• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Economynational debt

$38 trillion national debt finds Democratic, Republican supermajority as watchdog sees ‘a major problem for America’s economic future’

Nick Lichtenberg
By
Nick Lichtenberg
Nick Lichtenberg
Business Editor
Down Arrow Button Icon
Nick Lichtenberg
By
Nick Lichtenberg
Nick Lichtenberg
Business Editor
Down Arrow Button Icon
January 29, 2026, 2:25 PM ET
The national debt is a major concern among American voters.
The national debt is a major concern among American voters.Win McNamee—Getty Images

In a political landscape often defined by deep partisan divides, a striking consensus has emerged among American voters regarding the nation’s financial health. As the United States contends with a ballooning fiscal burden, a newly released survey indicates the national debt is viewed as a critical threat by a supermajority of the electorate. According to new data released Thursday, 72% of Democrats and 87% of Republicans now agree lawmakers should spend more time focused on the debt.

Recommended Video

The survey, commissioned by the Peter G. Peterson Foundation, highlights growing voter anxiety as the country’s financial obligations mount. The poll reveals voters across the ideological spectrum are demanding action from Washington, with foundation CEO Michael A. Peterson noting, “As our nation races towards $40 trillion in debt, this new survey of more than 1,000 registered voters shows widespread agreement across party lines that lawmakers should pursue solutions to stabilize the debt and put our country—and economy—on a stronger, more sustainable path.”

Bipartisan demand for action

The poll underscores fiscal responsibility is no longer a niche concern. Beyond the high agreement among major party voters, 69% of independents also classify the debt as a top-tier economic problem.

This unity extends to how voters believe elected officials should allocate their time. The survey found 81% of voters want the president and Congress to spend more time addressing the national debt. Furthermore, 77% of voters agree reducing the debt should be among the top three priorities for lawmakers (72% of Democrats, 69% of independents, and 87% of Republicans).

“The national debt is growing faster than ever, and voters understand that this is a major problem for America’s economic future,” Peterson said.

Deepening pessimism on Capitol Hill

Despite the clear mandate from voters, public confidence in Washington’s ability to solve the crisis is deteriorating. The survey’s U.S. Fiscal Confidence Index—a measure of public opinion on debt modeled after the Conference Board’s Consumer Confidence Index—registered a low score of 50 in January 2026, where a score of 100 represents a neutral midpoint.

Underlying this low score is a sharp pessimistic turn regarding short-term progress. For the first time since September of the previous year, a majority of voters (52%) expressed pessimism leaders will make any headway on the debt in the near future. Additionally, 57% of respondents believe lawmakers are currently on the “wrong track” when it comes to managing the nation’s finances. When asked about the future trajectory of the issue, the outlook remained grim, with 60% of voters expecting the debt situation to worsen over the next few years.

Intensity of concern rising

The intensity of voter sentiment is also climbing. When asked about their views over the past few years, 77% of voters reported their level of concern regarding the national debt has increased, with nearly half (48%) stating it has “increased a lot.”

The poll identifies a significant gap between voter expectations and government performance. The Fiscal Confidence Index component measuring “priority”—how high a priority addressing the debt should be for leaders—scored a 26. This low reading indicates a profound disconnect, suggesting Americans feel as if elected leaders are failing to treat the long-term debt with the urgency the public demands.

The survey reflects a rare bipartisan collaboration in polling as well. It was conducted jointly by the Democratic firm Global Strategy Group and the Republican firm North Star Opinion Research. The poll surveyed 1,010 registered voters nationwide between Jan. 20 and Jan. 21, 2026, carrying a margin of error of +/- 3.1%.

For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Nick Lichtenberg
By Nick LichtenbergBusiness Editor
LinkedIn icon

Nick Lichtenberg is business editor and was formerly Fortune's executive editor of global news.

See full bioRight Arrow Button Icon

Latest in Economy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Economy

target
RetailRetail
Target sales, profits decline for another quarter, but shares rise on solid outlook
By Anne D'Innocenzio and The Associated PressMarch 3, 2026
43 minutes ago
broker
AIearnings
Goldman finds ‘no meaningful relationship between AI and productivity at the economywide level,’ but a 30% boost for 2 specific use cases
By Nick LichtenbergMarch 3, 2026
60 minutes ago
Photo of Jamie Dimon
EconomyInflation
Jamie Dimon has a feeling inflation will be the ‘skunk at the party’—and the Iran conflict may already be enough to scare off the Fed for good
By Eleanor PringleMarch 3, 2026
4 hours ago
EnergyOil
The Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
By Jason MaMarch 2, 2026
17 hours ago
trump
Economynational debt
Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid
By Nick LichtenbergMarch 2, 2026
18 hours ago
trump
Middle EastMiddle East
Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says
By Nick LichtenbergMarch 2, 2026
18 hours ago

Most Popular

placeholder alt text
Middle East
U.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
By Jason MaMarch 1, 2026
2 days ago
placeholder alt text
Success
Slack cofounder says workers and CEOs can get stuck doing 'fake' work like pre-meetings and slideshows
By Emma BurleighMarch 1, 2026
2 days ago
placeholder alt text
Middle East
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
22 hours ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, March 2, 2026
By Joseph HostetlerMarch 2, 2026
1 day ago
placeholder alt text
Success
MacKenzie Scott's close relationship with Toni Morrison long before Amazon put Scott on the path to give more than $1 billion to HBCUs
By Sasha RogelbergMarch 1, 2026
2 days ago
placeholder alt text
Economy
Your grandparents are the reason the U.S. isn't in a recession right now. That won't last forever
By Eleanor PringleMarch 1, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.