The U.S. national debt stood at roughly $85.06 billion at the turn of the 20th century, adjusted for inflation. At the turn of the 21st century, America’s outstanding debt was $5.67 trillion — the equivalent of roughly $10.99 trillion today.
According to the Department of the Treasury and the Bureau of the Fiscal Service’s Fiscal Data dashboard, America’s total public debt outstanding as of Tuesday was $40,047,425,768,420.22. That’s roughly $116,832 per person.
‘The amount is significantly greater than US annual GDP.’
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Of the over $40 trillion, $32.26 trillion is Treasury securities held by the public, including the Federal Reserve, state and local governments, domestic private investors, and foreign holders. The other $7.78 trillion is the total of intra-governmental debt holdings.
U.S. Treasury Secretary Scott Bessent told reporters on Thursday,
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