tbeltrans
Senior Member
Finally! Somebody who really gets it.The Bottom Line
Many people believe that much of U.S. debt is owed to foreign countries like China and Japan. The truth is, most of it is owed to Social Security and pension funds. This means U.S. citizens, through their retirement money, own most of the national debt.
U.S. national debt is the sum of these two federal debt categories:
https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124
- Public debt (held by other countries, the Federal Reserve, mutual funds, and other entities and individuals)
- Intragovernmental holdings (held by Social Security, Military Retirement Fund, Medicare, and other retirement funds)
Tony