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ECThe US national debt has recently surpassed $38 trillion, marking a record high amid ongoing budget deficits.
Current Amount
As of early December 2025, the total gross national debt reached $38.40 trillion, up $2.23 trillion from the prior year. This equates to roughly $112,881 per person or $284,914 per household in the US. Projections suggest it could hit $39 trillion by March 2026 at recent growth rates.
Recent Growth
The debt climbed from $36 trillion in November 2024 to over $38 trillion by late 2025, increasing at an average of $6.12 billion per day over the past year. Fiscal Year 2024 saw a $1.9 trillion deficit, driven by spending on Social Security, healthcare, and interest payments.
Debt-to-GDP Ratio
At around 119% of GDP as of mid-2025, the debt exceeds the size of the US economy. The Congressional Budget Office forecasts it could reach 200% by 2047 under current trends.
Key Holders
Private investors hold the largest share at $24.4 trillion (as of March 2025), followed by federal trust funds. Interest costs have nearly tripled in five years, with net interest payments hitting $981 billion over the 12 months ending October 2025.
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