9/4/2023 0 Comments Us debt clockIn our calculations we do not take into account receipts or benefits that will be received from and paid to future participants. The Trustees Reports include a calculation of the present value of the benefits these programs will receive over the next 75 years offset by the receipts directed to these programs for that time period. We also update the true national debt calculation when the Social Security and Medicare Trustees Reports, which include amounts as of January 1, are issued. Government as of the federal fiscal year end, September 30. Each year we update our calculation to include the assets and liabilities reported in the most recently issued Financial Report of the U.S. Treasury Department and the Social Security and Medicare trustees. Our true national debt calculation is estimated using data provided by the U.S. Please click here to view our full Financial State of the Union report Unfunded Social Security and Medicare promises, based on assumptions This amount is updated periodically to coincide with The Debt to the PennyĪssets and liabilities reported in the Financial Report of the U.S. It does not include total unfunded Social Security and Medicare promises. Intragovernmental holdings, including debt held by Social Security and Medicare trust funds
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