U.S. Government’s Foreign Debt Now $47,495 Per Household
By Terence P. Jeffrey
October 22, 2012
(CNSNews.com) – The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the U.S. Treasury and the Census Bureau.
The portion of the U.S. government’s foreign debt now owed to interests in Mainland China is about $10,090 per household.
At the end of August, the latest period reported by the U.S. Treasury, foreign interests held a total of $5,430,000,000,000 in U.S. government debt. According to the Census Bureau’s latest estimate (which was for June 2012) there were 114,328,000 households in the United States. Therefore, the total U.S. government debt held by foreign interests was about $47,494.93 per household.
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