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U.S. Government’s Foreign Debt Now $47,495 Per Household

Posted By admin On October 23, 2012 @ 2:47 am In Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News [1]
Oct 22, 2012

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 [2] 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 [3] (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.

Full article here [1]


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URL to article: http://www.prisonplanet.com/u-s-governments-foreign-debt-now-47495-per-household.html

URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/us-governments-foreign-debt-now-47495-household

[2] latest period reported: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

[3] latest estimate: http://www.census.gov/housing/hvs/data/histtab13.xls

[4] U.S. Debt Now $136,260 Per Household—Up 50% Under Obama: http://www.prisonplanet.com/u-s-debt-now-136260-per-household%e2%80%94up-50-under-obama.html

[5] Black Friday: Treasury Borrowed $211.69 Per U.S. Household on Day After Thanksgiving: http://www.prisonplanet.com/black-friday-treasury-borrowed-211-69-per-u-s-household-on-day-after-thanksgiving.html

[6] $5.8T: Obama Increased Debt $50,521 Per Household in First Term; More Than First 42 Presidents in 53 Terms Combined: http://www.prisonplanet.com/5-8t-obama-increased-debt-50521-per-household-in-first-term-more-than-first-42-presidents-in-53-terms-combined.html

[7] More of America’s National Debt Being Bought by Foreign Governments: http://www.prisonplanet.com/more-of-america%e2%80%99s-national-debt-being-bought-by-foreign-governments.html

[8] U.S. Must Borrow Another $5,240 Per Household Just to Fund Gov’t at Current Level Through Sept. 30: http://www.prisonplanet.com/u-s-must-borrow-another-5240-per-household-just-to-fund-govt-at-current-level-through-sept-30.html

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