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Fortune
Fortune
Nick Lichtenberg

Trump didn’t mention the $38.8 trillion national debt once in his State of the Union, but 90% of voters are worried

trump (Credit: Mandel NGAN—AFP/Getty Images)

President Donald Trump made history on Tuesday night with the longest State of the Union address in history. Running an hour and 47 minutes, and some 10,887 words, it included newsmaking announcements on national 401(k) accounts, the Trump Accounts available to American children, potshots at Democrats, and a cameo by the gold-medal-winning men’s hockey team. It didn’t include two words that most voters are fixated on: “national debt.”

As the first primary elections of 2026 loom, an overwhelming majority of Americans are fixated on the nation’s fiscal health. A new bipartisan poll by the Peter G. Peterson Foundation, reviewed by Fortune, reveals a whopping 90% of voters are deeply concerned that the national debt—now nearing $38.8 trillion—is driving up inflation and the cost of living, including prices for groceries, energy, housing, and transportation.

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