#USNationalDebt The US national debt is approximately $36.2 trillion as of May 2025. To break it down further ¹ ²:

- *Total Debt*: $36.2 trillion

- *Debt Held by the Public*: $28-29 trillion

- *Intragovernmental Holdings*: $7-7.4 trillion

- *Per-Person Debt*: Around $106,000 per citizen

- *Debt-to-GDP Ratio*: 121% as of Q1 2025

The national debt has been increasing rapidly, with a projected growth of $23.9 trillion over the next 10 years. The interest expense on this debt is also substantial, with $678 billion spent in FY 2023 and over $1 trillion in interest payments in FY 2024. The US government's debt is held by various entities, including ¹ ² ³:

- *Foreign Governments*: Japan holds around $1.079 trillion

- *Federal Reserve*: Largest single holder of US national debt, with holdings over $6 trillion

- *Social Security Funds*: Significant intragovernmental holdings

- *Private Investors*: Hold a substantial portion of the public debt

The national debt's growth and sustainability have raised concerns about the country's fiscal policies and potential economic implications ⁴.