🇺🇸Who owns all of the US debt?
The US Treasury had $34.8 trillion in outstanding debt at the end of Q2 2024, of which ~33% was held by government funds such as Social Security and the Fed.
• $9.2 trillion, or ~26%, was owned by foreign governments, with the most held by Japan and subsequently China.
• $4.9 trillion, or an equivalent of 14%, was in possession of mutual funds and $3.1 trillion by individuals.
Banks and pension funds owned $2.2 trillion and $2.0 trillion, respectively.
Meanwhile, US federal debt has jumped $300 billion over the last 3 weeks and hit a new record of $35.8 trillion.
We will soon see $40 trillion of US Federal debt !