Fact check: Social media claim about UK holding $888.5 billion in US debt misrepresents who holds the debt
By
@pa
Summary
A fact-check article examines a social media claim that the UK holds $888.5 billion of US debt. The analysis clarifies that this figure represents all US debt held in British accounts, including holdings by individuals and organizations, not just the UK government. It also notes that most US government debt is not held by foreign entities.
Source
bskyFact check: Social media claim about UK holding $888.5 billion in US debt misrepresents who holds the debtpa.mediaKey quotes
· 4 pulledIn a widely shared post on social media a user said that the UK holds 888.5 billion US dollars (£662.3 billion) of US debt.
This figure measures all US debt held in British accounts, so includes not just how much the UK Government holds, but also how much US debt is held by individuals and organisations.
While the accounts are in the UK, the account holders include people and companies not based in the country.
Most US Government debt is not held by foreign entities.
You might also wanna read
U.S. National Debt Exceeds 100% of GDP for First Time Since World War II
The U.S. national debt has surpassed 100% of GDP for the first time since World War II, reaching $31.265 trillion in publicly held debt agai
The Wall Street Journal·2mo agoUS national debt reaches a record $37T, the Treasury Department reports
U.S. National Debt Reaches Record $38 Trillion During Federal Shutdown
The U.S. government's gross national debt has reached a record $38 trillion during a federal shutdown, marking the fastest accumulation of d
apnews.com·8mo ago
US national debt reaches record $39 trillion amid war in Iran
The U.S. national debt has surpassed $39 trillion for the first time, reaching the milestone just weeks into the U.S.-Israeli war in Iran. T
apnews.com·3mo ago
Margin Debt Hits Record $1.007 Trillion in June with 9.5% Monthly Increase
Margin debt reached a record high of $1.007 trillion in June, marking a 9.5% increase from May and the second consecutive monthly surge. Mar
advisorperspectives.com·10mo ago
TreasuryDirect FAQ: Understanding U.S. Public Debt Reporting and Management
This FAQ article from TreasuryDirect provides general information about the U.S. public debt, explaining that the Bureau of the Fiscal Servi
treasurydirect.gov·3mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.