The U.S. National Debt refers to the total amount of money that the United States federal government owes to creditors, both domestic and international. It is the result of the government borrowing to cover the gap between revenue (taxes and other income) and expenditures (such as defense, healthcare, infrastructure, and interest on existing debt).

🔢 Current National Debt (as of mid-2025)

Over $35 trillion and climbing.

This equates to over $100,000 per U.S. citizen.

You can track the exact real-time number at usdebtclock.org.

🧱 Breakdown of U.S. Debt

Public Debt (~75%)

Held by individuals, corporations, foreign governments (e.g., China, Japan).

Intragovernmental Holdings (~25%)

Borrowed from federal programs like Social Security and Medicare.

📈 Why Is It Growing?

Large deficits: Spending > Revenue

Major spending drivers:

Social Security

Medicare/Medicaid