August 2026

Released August 07, 2026

+$2.88T
Change in gross national debt
Aug 06, 2025 to Aug 05, 2026

$295,494
Gross national debt per household
Aug 05, 2026

3.443 percent
Avg. int. rate on total marketable debt
Jul 2026

Growth of the national debt

• As of August 05, 2026, total gross national debt is $39.83 trillion.

  • Debt held by the public is $32.10 trillion.
  • Intragovernmental debt is $7.73 trillion.

• Relative to one year ago, total gross national debt is $2.88 trillion higher; relative to five years ago, it is $11.40 trillion higher.

• Over the past year, the rate of increase averaged $7.91 billion per day, $329.58 million per hour, $5.49 million per minute, or $91,549.43 per second.

• The increase in gross national debt over the past year amounts to $8,420.07 per person or $21,360.58 per household.

• Total gross national debt amounts to $116,480 per person or $295,494 per household.

• Assuming the average daily rate of growth over the past three years continues, the U.S. will reach $40 trillion by approximately August 31, 2026.

  • At that rate, an increase of another trillion dollars would be reached in approximately 152 days.

Interest rate on U.S. debt

U.S. public debt in the form of Treasury securities is primarily made up of bills (4-52 weeks), notes (2-10 years), and bonds (20-30 years). Others include Treasury Inflation Protected Securities, Cash Management Bills, and Floating Rate Notes.

• Net interest as a share of outlays is forecast by the Congressional Budget Office to be 13.95 percent in FY2026, 14.25 percent in FY2027, and 14.94 percent in FY2028.

• As of July 2026, the average interest rate on the total marketable national debt is 3.443 percent. One year ago, it was 3.399 percent; five years ago, it was 1.476 percent.

• The total amount of interest paid to trust funds over the past 12 months was $302.64 billion, an average of $25.22 billion per month.

Composition of U.S. debt

• A bid-to-cover ratio of 2 or higher reflects strong Treasury demand. As of July 2026, the bid-to-cover ratio for Treasury bills (4-week) is 2.68, for notes (10-year) is 2.30, and for bonds (30-year) is 2.30.

• As of July 2026, of the $32.05 trillion of total public debt outstanding, $16.17 trillion (50.45 percent) is in notes, $6.99 trillion (21.81 percent) is in bills, and $5.48 trillion (17.09 percent) is in bonds. $3.41 trillion (10.65 percent) is in other securities.

• As of the most recent data from Q3 of FY2026, approximately 33 percent of U.S. publicly held marketable debt will be maturing within 12 months.

• As of the most recent data from June 2026, the average maturity is 71 months. In June 2025, it was 72 months; in June 2021, it was 69 months.

Upcoming releases

Date	Time	Release	Data source
Aug 12	08:30 AM	Monthly Inflation Update, July 2026	Bureau of Labor Statistics
Aug 13	10:00 AM	Monthly Fiscal Update, July 2026	U.S. Treasury
Aug 21	10:00 AM	State Employment and Unemployment, July 2026	Bureau of Labor Statistics
Aug 26	08:30 AM	Monthly Expenditures Update, July 2026	Bureau of Economic Analysis
Aug 26	08:30 AM	Monthly GDP Update, Q2 2026 Second Estimate	Bureau of Economic Analysis
Sep 03	08:30 AM	Monthly Trade Update, July 2026	Bureau of Economic Analysis
Sep 04	08:30 AM	Monthly Employment Update, August 2026	Bureau of Labor Statistics

Notes

Source: U.S. Treasury; JEC Republicans calculations