#USNationalDebt The US national debt is currently approximately $36.56 trillion, with $29 trillion held by the public and $7.4 trillion in intragovernmental debt. To break it down further:

- *Total Public Debt Outstanding*: The national debt includes debt held by the public and intragovernmental holdings, such as Treasury Bills, Notes, Bonds, and other securities.

- *Debt Held by the Public*: This portion of the debt is owed to investors, foreign governments, and other entities that purchase US Treasury securities.

- *Intragovernmental Debt*: This represents debt owed to government trust funds, such as the Social Security Trust Fund.

The national debt has been increasing over time due to factors like ¹ ²:

- *Budget Deficits*: When government spending exceeds revenue, the Treasury borrows money to cover the shortfall, adding to the national debt.

- *Aging Demographics*: The retirement of the baby-boom generation puts pressure on programs like Social Security and Medicare.

- *Rising Healthcare Costs*: Increasing healthcare expenses contribute to the growth of the national debt.

The annualized cost of servicing the national debt was $726 billion in July 2023, accounting for 14% of total federal spending. Some key statistics include ¹:

- *$106,111*: The estimated amount of national debt per person in America.

- *77% of GDP*: The ratio of debt held by the public to the country's gross domestic product in 2017.

- *116% of GDP*: The projected ratio of federal debt held by the public to GDP by 2034.

The national debt is managed by the US Treasury, which tracks and reports the debt daily. You can find the most up-to-date information on the national debt on the US Treasury's website or through financial news sources ³.