US Public Debt Per Capita Monthly Insights: Treasury Bulletin (2024)

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US Public Debt Per Capita Monthly Insights: Treasury Bulletin? ›

Basic Info. US Public Debt Per Capita is at a current level of 101.17K, up from 98.83K last month and up from 93.98K one year ago. This is a change of 2.38% from last month and 7.66% from one year ago.

Expressing the national debt in terms of a citizen's share makes it more real and relevant. As of Jan. 6, 2024, the net debt per capita of the United States is $102,409. Countries with higher net debt per capita include the United Kingdom and The Netherlands.

U.S. publicly held debt 2013-2024

In March 2024, the public debt of the United States was around 34.59 trillion U.S. dollars, almost two trillion more than in July when it was around 32.6 trillion U.S. dollars.

The U.S. Treasury Monthly Statement of the Public Debt (MSPD) dataset details the Treasury's outstanding debts and the statutory debt limit.

The nation's debt, currently over $34 trillion, is rampantly growing as U.S. lawmakers have been unable to agree to long-term budget reforms that could tame it.

A measure of how much debt a government has per citizen. Calculated by adding short-term debt and long-term debt, subtracting cash and other liquid assets, and dividing by the population. There is currently no content classified with this term.

There are two kinds of national debt: intragovernmental and public. Intragovernmental is debt held by the Federal Reserve and Social Security and other government agencies. Public debt is held by the public: individual investors, institutions, foreign governments.

Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

The public owes 74 percent of the current federal debt. Intragovernmental debt accounts for 26 percent or $5.9 trillion. The public includes foreign investors and foreign governments. These two groups account for 30 percent of the debt.

What is a good public debt percentage? ›

The target most commonly referenced is a 60% debt-to-GDP ratio. Despite the uncertainties surrounding the debt, there are a few things of which we can be sure: The rising debt reflects an imbalance between tax and spending policies.

Tax hikes alone are rarely enough to stimulate the economy and pay down debt. Governments often issue debt in the form of bonds to raise money. Spending cuts and tax hikes combined have helped lower the deficit. Bailouts and debt defaults have disadvantages but can help a government solve a debt problem.

The weighted average maturity (WAM) of the debt rises modestly over the next several years to a peak of 76 months.

One of the main culprits is consistently overspending. When the federal government spends more than its budget, it creates a deficit. In the fiscal year of 2023, it spent about $381 billion more than it collected in revenues. To pay that deficit, the government borrows money.

Indeed, the CBO numbers are ominous, as they outline the likely path of debt and deficits. The watchdog agency estimates that debt held by the public, which currently totals $27.4 trillion and excludes intragovernmental obligations, will rise from the current 99% of GDP to 116% over the next decade.

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month.

Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.

The debt-to-capital ratio (D/C ratio) measures the financial leverage of a company by comparing its total liabilities to total capital. In other words, the debt-to-capital ratio formula measures the proportion of debt that a business uses to fund its ongoing operations as compared with capital.

Public debt is held by the public: individual investors, institutions, foreign governments. After intragovernmental holdings, the next largest category is national debt held by foreign governments. Of those, Japan has the most, followed by China.