Greg Bocquet at Yahoo!Finance released some number today on who actually owns the US debt. Mainland China ranks first, which is not surprising to many Americans. An average American would most likely be able to guess that China was the number one owner. However, more surprising is the number two ranking, Japan, which is only 0.2% away from the #1 spot. Combined, the top 3 own over 50% of the debt.
1. Mainland ChinaClick Here to See the Top 10
Amount of U.S. debt: $891.6 billion
Share of total foreign debt: 20.4%
2. Japan
Amount of U.S. debt: $883.6 billion
Share of total foreign debt: 20.2%
3. United Kingdom
Amount of U.S. debt: $541.3 billion
Share of total foreign debt: 12.4%
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