America’s debt climbed to a record $21.21 trillion at the end of June, a 6.9 percent increase from a year earlier. Who owns all this money? By and large, Americans. Some 70 percent of the national debt is owned by the U.S. government, institutional investors and the Federal Reserve. A shade under 30 percent is owned by foreign entities, according to the latest information from the U.S. Treasury.
American institutions such as private and state pension funds as well as individual investors were the biggest holders. They owned $6.89 trillion in debt or about 32.5 percent of the entire pie.
Foreigners, led by the Chinese and Japanese, owned $6.21 trillion, or 29.3 percent. Those two countries have cut their stakes since 2015, but each country still owns more than $1 trillion worth of Treasury bonds and notes.
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