How Much Is $700 Billion Anyway?

Daily Real Estate News September 22, 2008

The proposed financial bailout package being considered by lawmakers will come at a cost of as much as $700 billion. To put it in perspective, using numbers from the U.S. Census,

the $700 billion is equal to:

About $2,300 per American
About $6,000 per U.S. household
About 85 percent of the New York State economy

The combined economies of all U.S. states beginning with the letter "A": Alabama, Alaska, Arizona, and Arkansas; plus Oklahoma.

The tally for all the various rescue measures launched by U.S. authorities this year runs to about $1.8 trillion. The $1.8 trillion is equal to:

About $6,000 per American
About $15,500 per U.S. householdSource: Reuters News (09/21/2008)