Every so often I hear from clients concerned about China and how much US debt they own. Typically these questions arise from emails and website shared by newsletter writers who put little real substance behind their assertions.
So who does Uncle Sam owe? The answer is about 60% of the outstanding US government debt is owned by US citizens and entities. China and Hong Kong own about 8%, hardly enough to crash the US economy if they discontinue purchasing our bonds.
Thank you to the Political Calculations blog for compiling the data into the graph you see below.
[“Political Calculations Blog”](http://politicalcalculations.blogspot.com/2014/04/spring-2014-to-whom-does-us-government.html#.U202f168EqA)