What is the current U.S. national debt?

The U.S. national debt is currently over $38 trillion and growing at approximately $33,000 per second. You can track the exact figure in real time at MK US Debt Clock, which pulls live data from the U.S. Treasury's Fiscal Data API.

How much U.S. debt does each citizen owe?

Based on the current national debt divided by the U.S. population of approximately 335 million, each citizen's share of the national debt is roughly $114,000. Each taxpayer's share is significantly higher at approximately $178,000, since not all citizens are taxpayers.

How much does the U.S. pay in interest on the national debt?

The U.S. federal government currently pays over $1 trillion per year in interest on the national debt, making it one of the largest line items in the federal budget. This figure is projected to grow as interest rates remain elevated and the debt continues to increase.

What is the U.S. debt-to-GDP ratio?

The U.S. debt-to-GDP ratio is currently above 120%, meaning the national debt exceeds the entire annual economic output of the country. Economists consider ratios above 90% to be a warning threshold, and the current level is historically unprecedented outside of wartime.

Who holds the U.S. national debt?

The U.S. national debt is held by a mix of domestic and foreign entities. The largest holders include the Federal Reserve, U.S. government trust funds (like Social Security), foreign governments (Japan and China are the largest), mutual funds, pension funds, and individual investors. Approximately 24% of the debt is held by foreign governments.

What is the federal budget deficit?

The federal budget deficit is the difference between what the government spends and what it collects in revenue each year. The current annual deficit exceeds $1.8 trillion. When the government runs a deficit, it must borrow to cover the shortfall, which adds to the national debt.

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