Who has the least debt?
Who has the least amount of debt
Countries with the Lowest National DebtBrunei. 3.2%Afghanistan. 7.8%Kuwait. 11.5%Democratic Republic of Congo. 15.2%Eswatini. 15.5%Palestine. 16.4%Russia. 17.8%
Is there a country with no debt
1. Hong Kong —0.1%. Hong Kong's market-driven economy is characterised by a lucrative financial banking sector, well-regulated financial controls, large foreign exchange reserves, and virtually no public debt.
Cached
What country is #1 in debt
Japan
Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.
Are any states debt free
By contrast, Alaska and Wyoming had the lowest levels of state government debt at just under $5 billion each. This can be attributed to their relatively diverse sources of income such as energy revenues, mineral royalties and taxes.
How many people are 100% debt-free
Fewer than one quarter of American households live debt-free. Learning ways to tackle debt can help you get a handle on your finances.
Which state has no debt
States With the Least Debt in 2023
Alaska takes the No. 1 spot, with a tiny debt ratio of only 14.2%. Its total liabilities amount to only $12.65 billion compared to total assets of approximately $89.17 billion in 2023.
Who owes the US money
Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.
Has the US never been in debt
The U.S. has had debt since its inception. Our records show that debts incurred during the American Revolutionary War amounted to $75,463,476.52 by January 1, 1791. Over the following 45 years, the debt grew. Notably, the public debt actually shrank to zero by January 1835, under President Andrew Jackson.
Why is U.S. debt so high
Flashpoints that greatly contributed to the debt over the past 50 years include the wars in Iraq and Afghanistan, the 2008 financial crisis and the 2023 COVID-19 pandemic — the latter two prompting sweeping stimulus measures from Congress that cost trillions of dollars.
What state has lowest debt
Average of total debt per capita
Mississippi and Iowa make a couple of appearances in the lowest average debt lists.
Is it rare to have no debt
Between mortgage loans, credit cards, student loans, and car loans, it's not uncommon for the typical American to have one or more types of debt. The ones who are living debt-free may seem like a rarity, but they aren't special or superhuman, nor are they necessarily wealthy.
How much debt is normal
The average American holds a debt balance of $96,371, according to 2023 Experian data, the latest data available.
Who owes the most debt in US
Japan and China have been the largest foreign holders of US debt for the last two decades.
Which states are best off financially
States with the lowest cost-of-living indexes
| Rank | Groceries | Utilities |
|---|---|---|
| 1 | Mississippi | Idaho |
| 2 | Texas | Wyoming |
| 3 | Arkansas | Louisiana |
| 4 | Kentucky | Colorado |
Could the US ever get out of debt
Eliminating the U.S. government's debt is a Herculean task that could take decades. In addition to obvious steps, such as hiking taxes and slashing spending, the government could take a number of other approaches, some of them unorthodox and even controversial. Below are some of these options.
Does China owe the US money
As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).
Who is the US mostly in debt to
Foreign Holders of Federal Debt
As of December 2023, such holdings made up $7.3 trillion, or 30 percent, of DHBP. Of that amount, 54 percent was held by foreign governments while private investors held the remaining 46 percent.
Who owes most of US debt
The largest holder of intragovernmental debt is the Social Security Old-Age and Survivors Insurance trust fund, which holds about $2.7 trillion, or 38 percent of intragovernmental debt.
Which state has highest debt
In its June 2023 report, the RBI had flagged the high debt to GDP ratio of a few states for 2023-22. Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand, Madhya Pradesh, Uttar Pradesh and Haryana had the highest debt.
How many Americans are 100% debt free
Fewer than one quarter of American households live debt-free. Learning ways to tackle debt can help you get a handle on your finances.