It’s not news that the United States owes a lot of money. In fact, in 2008 extra squares had to be added to the debt ticker in Times Square to accommodate it all.
It’s not news that the United States owes a lot of money. In fact, in 2008 extra squares had to be added to the National Debt Clock billboard near Times Square to accommodate it all.
Now, as talk of debt ceilings and defaults fill the air, many have begun to wonder who these lenders are in the first place.
Well, some are consortiums of oil exporters while others are banks, companies, and even individuals.
Categorized by country, here are the top 5.
The US currently owes Taiwan over 196 billion dollars, putting them in 5th place.
Brazil is a great place to enjoy some sun, frolic on beaches, and apparently, borrow money. The US’s 253 billion dollar debt lands them in the 4th spot.
Japan is owed over 1.1 trillion dollars, making them 3rd.
China wins the title of runner-up by holding close to 1.3 trillion dollars in American IOUs.
And, finally…the US owes the most money to…the US. Loans from various funds, banks, corporations, state and local governments, and individuals are among the sources that contribute to the 4+ trillion dollar total.