TKL: How bad has the US debt crisis become? Interest paid to overseas holders of national debt hit an all-time high of ~$205 billion in 2024.

TKL: How bad has the US debt crisis become? Interest paid to overseas holders of national debt hit an all-time high of ~$205 billion in 2024.

US Treasury interest paid to foreigners has jumped 49% over the last 5 years.

This comes as total interest costs have DOUBLED during this time and hit a record annual rate of $1.1 trillion.

Currently, ~26% of the $36.2 trillion in US national debt is held by foreign governments.

Interest expense will soon be the US government’s biggest expense.

What’s the long-term plan here?

submitted by /u/XGramatik
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post:

Related Posts