{
  "title": "Planet IOU: every figure the tour uses",
  "edition": "2026-09-14-v1",
  "license": "Figures belong to the publishers named in each row; follow each source's own terms. Planet IOU's selection, labels, definitions and notes are CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Attribution: Planet IOU, by Jonathan Reed.",
  "register": "https://planetiou.jonathanrreed.com/sources/",
  "methodology": "https://planetiou.jonathanrreed.com/methodology/",
  "notes": "One entry per canonical claim. `amount` is the exact decimal the site draws from; `display` is how the tour prints it. Rows are not addends: components sit beside their totals and inputs beside what was derived from them. Historical interlude observations are a separate register and are not included.",
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          "url": "https://www.newyorkfed.org/microeconomics/hhdc/background.html",
          "locator": "Credit-report-based household-debt framework.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "National outstanding credit-report balances at June 30, 2026, not one household's loans. The New York Fed's method differs from the BIS series, so these pieces cannot be used to subdivide the BIS household aggregate. The publisher's own \"other\" label is kept rather than inventing its composition."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "US-HOUSEHOLD-2026Q2",
      "label": "U.S. household debt total",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "18771000000000",
      "unit": "USD",
      "display": "$18.771 trillion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2026-06-30",
      "forecast_vintage": null,
      "scope_id": "nyfed-consumer-credit-panel-total",
      "scope_measures": "The New York Fed's own published total household debt balance for Q2 2026, which its six product categories reconcile to.",
      "scope_excludes": "A partition of the BIS household series, every obligation a household has, or a seventh product category.",
      "derivation": null,
      "as_published_value": "18.771",
      "as_published_unit": "USD trillions",
      "on_route": true,
      "scenes": [
        "us-household-total"
      ],
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        "/s/us-household-total/"
      ],
      "sources": [
        {
          "id": "NYFED-2026Q2",
          "publisher": "Federal Reserve Bank of New York",
          "title": "Q2 2026 household debt release",
          "url": "https://www.newyorkfed.org/newsevents/news/research/2026/20260811",
          "locator": "Published August 11, 2026; balances June 30, 2026; six product rows and total.",
          "accessed_at": "2026-09-13"
        },
        {
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          "publisher": "New York Fed",
          "title": "Consumer Credit Panel background",
          "url": "https://www.newyorkfed.org/microeconomics/hhdc/background.html",
          "locator": "Credit-report-based household-debt framework.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The publisher's own reported total for the same release. The six product categories reconcile to it exactly at the published precision; the total is not a seventh component and is never overwritten to force agreement."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "ECB-FX-20251231",
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      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "1.175",
      "unit": "USD/EUR",
      "display": "1.1750 USD per EUR",
      "bound": "equal",
      "quantity": "fxRate",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "ecb-euro-reference-rate-usd-per-eur",
      "scope_measures": "The ECB's end-of-period euro reference rate for 2025: US dollars per euro on December 31, 2025.",
      "scope_excludes": "A purchasing-power or inflation adjustment, a rate on any other date, or a rate at which anyone transacted.",
      "derivation": null,
      "as_published_value": "1.1750",
      "as_published_unit": "USD per EUR",
      "on_route": false,
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      "share_paths": [],
      "sources": [
        {
          "id": "ECB-FX-20251231",
          "publisher": "ECB",
          "title": "2025 end-of-period USD per EUR reference rate",
          "url": "https://data.ecb.europa.eu/data/datasets/EXR/EXR.A.USD.EUR.SP00.E",
          "locator": "Series EXR.A.USD.EUR.SP00.E; 2025 annual end-of-period observation 1.1750; updated December 31, 2025.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The December 31, 2025 end-of-period reference rate, used exactly once to convert the Q4 2025 euro government amounts. A nominal conversion rate only — not an inflation or purchasing-power adjustment, and not a rate at which anyone transacted."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-EE-2025Q4-EUR",
      "label": "Estonia: general-government debt, as published in euro",
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      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "10035000000",
      "unit": "EUR",
      "display": "€10.035 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
      "scope_measures": "General-government consolidated gross debt at face value on the Maastricht definition, Q4 2025, as published in euro.",
      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": null,
      "as_published_value": "10035",
      "as_published_unit": "EUR millions",
      "on_route": false,
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          "id": "EU-GOV-2025Q4",
          "publisher": "Eurostat",
          "title": "Government debt, fourth quarter 2025",
          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "Consolidated general-government gross Maastricht debt at face value, Q4 2025, kept in the currency it was published in. Not market-value debt, not net debt, not central government alone, and not a debt-to-GDP ratio."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-EE-2025Q4",
      "label": "Estonia: general-government debt",
      "kind": "derived",
      "evidence_kind": "derived",
      "review_status": "derived_checked",
      "amount": "11791125000",
      "unit": "USD",
      "display": "$12 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
      "scope_measures": "General-government consolidated gross debt at face value on the Maastricht definition, Q4 2025, as published in euro.",
      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": "convertCurrency(GOV-EE-2025Q4-EUR, ECB-FX-20251231)",
      "as_published_value": null,
      "as_published_unit": null,
      "on_route": true,
      "scenes": [
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      ],
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      ],
      "sources": [
        {
          "id": "EU-GOV-2025Q4",
          "publisher": "Eurostat",
          "title": "Government debt, fourth quarter 2025",
          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
          "accessed_at": "2026-09-13"
        },
        {
          "id": "ECB-FX-20251231",
          "publisher": "ECB",
          "title": "2025 end-of-period USD per EUR reference rate",
          "url": "https://data.ecb.europa.eu/data/datasets/EXR/EXR.A.USD.EUR.SP00.E",
          "locator": "Series EXR.A.USD.EUR.SP00.E; 2025 annual end-of-period observation 1.1750; updated December 31, 2025.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The published euro amount converted exactly once at the December 31, 2025 reference rate. A nominal conversion, not an inflation or purchasing-power adjustment; the extra decimal digits come from the rate and add no statistical precision."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-LU-2025Q4-EUR",
      "label": "Luxembourg: general-government debt, as published in euro",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "23695000000",
      "unit": "EUR",
      "display": "€23.695 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
      "scope_measures": "General-government consolidated gross debt at face value on the Maastricht definition, Q4 2025, as published in euro.",
      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": null,
      "as_published_value": "23695",
      "as_published_unit": "EUR millions",
      "on_route": false,
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      "share_paths": [],
      "sources": [
        {
          "id": "EU-GOV-2025Q4",
          "publisher": "Eurostat",
          "title": "Government debt, fourth quarter 2025",
          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "Consolidated general-government gross Maastricht debt at face value, Q4 2025, kept in the currency it was published in. Not market-value debt, not net debt, not central government alone, and not a debt-to-GDP ratio."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-LU-2025Q4",
      "label": "Luxembourg: general-government debt",
      "kind": "derived",
      "evidence_kind": "derived",
      "review_status": "derived_checked",
      "amount": "27841625000",
      "unit": "USD",
      "display": "$28 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
      "scope_measures": "General-government consolidated gross debt at face value on the Maastricht definition, Q4 2025, as published in euro.",
      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": "convertCurrency(GOV-LU-2025Q4-EUR, ECB-FX-20251231)",
      "as_published_value": null,
      "as_published_unit": null,
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "EU-GOV-2025Q4",
          "publisher": "Eurostat",
          "title": "Government debt, fourth quarter 2025",
          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
          "accessed_at": "2026-09-13"
        },
        {
          "id": "ECB-FX-20251231",
          "publisher": "ECB",
          "title": "2025 end-of-period USD per EUR reference rate",
          "url": "https://data.ecb.europa.eu/data/datasets/EXR/EXR.A.USD.EUR.SP00.E",
          "locator": "Series EXR.A.USD.EUR.SP00.E; 2025 annual end-of-period observation 1.1750; updated December 31, 2025.",
          "accessed_at": "2026-09-13"
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      ],
      "retired_ids": [],
      "caveat": "The published euro amount converted exactly once at the December 31, 2025 reference rate. A nominal conversion, not an inflation or purchasing-power adjustment; the extra decimal digits come from the rate and add no statistical precision."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-IE-2025Q4-EUR",
      "label": "Ireland: general-government debt, as published in euro",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "209895000000",
      "unit": "EUR",
      "display": "€209.895 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
      "scope_measures": "General-government consolidated gross debt at face value on the Maastricht definition, Q4 2025, as published in euro.",
      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": null,
      "as_published_value": "209895",
      "as_published_unit": "EUR millions",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "EU-GOV-2025Q4",
          "publisher": "Eurostat",
          "title": "Government debt, fourth quarter 2025",
          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "Consolidated general-government gross Maastricht debt at face value, Q4 2025, kept in the currency it was published in. Revised down from 209 902 million euro by Eurostat's release of 21 July 2026, which restates the same quarter; the earlier figure was faithful to the release cited at the time, and it is the source that moved. Not market-value debt, not net debt, not central government alone, and not a debt-to-GDP ratio."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-IE-2025Q4",
      "label": "Ireland: general-government debt",
      "kind": "derived",
      "evidence_kind": "derived",
      "review_status": "derived_checked",
      "amount": "246626625000",
      "unit": "USD",
      "display": "$247 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
      "scope_measures": "General-government consolidated gross debt at face value on the Maastricht definition, Q4 2025, as published in euro.",
      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": "convertCurrency(GOV-IE-2025Q4-EUR, ECB-FX-20251231)",
      "as_published_value": null,
      "as_published_unit": null,
      "on_route": true,
      "scenes": [
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      ],
      "share_paths": [
        "/s/ireland/"
      ],
      "sources": [
        {
          "id": "EU-GOV-2025Q4",
          "publisher": "Eurostat",
          "title": "Government debt, fourth quarter 2025",
          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
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        },
        {
          "id": "ECB-FX-20251231",
          "publisher": "ECB",
          "title": "2025 end-of-period USD per EUR reference rate",
          "url": "https://data.ecb.europa.eu/data/datasets/EXR/EXR.A.USD.EUR.SP00.E",
          "locator": "Series EXR.A.USD.EUR.SP00.E; 2025 annual end-of-period observation 1.1750; updated December 31, 2025.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The published euro amount converted exactly once at the December 31, 2025 reference rate. A nominal conversion, not an inflation or purchasing-power adjustment; the extra decimal digits come from the rate and add no statistical precision."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-GR-2025Q4-EUR",
      "label": "Greece: general-government debt, as published in euro",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "362925000000",
      "unit": "EUR",
      "display": "€362.925 billion",
      "bound": "equal",
      "quantity": "debtStock",
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      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
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          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
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          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "Consolidated general-government gross Maastricht debt at face value, Q4 2025, kept in the currency it was published in. Not market-value debt, not net debt, not central government alone, and not a debt-to-GDP ratio."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-GR-2025Q4",
      "label": "Greece: general-government debt",
      "kind": "derived",
      "evidence_kind": "derived",
      "review_status": "derived_checked",
      "amount": "426436875000",
      "unit": "USD",
      "display": "$426 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2025-12-31",
      "forecast_vintage": null,
      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
      "scope_measures": "General-government consolidated gross debt at face value on the Maastricht definition, Q4 2025, as published in euro.",
      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": "convertCurrency(GOV-GR-2025Q4-EUR, ECB-FX-20251231)",
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          "publisher": "Eurostat",
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          "accessed_at": "2026-09-13"
        },
        {
          "id": "ECB-FX-20251231",
          "publisher": "ECB",
          "title": "2025 end-of-period USD per EUR reference rate",
          "url": "https://data.ecb.europa.eu/data/datasets/EXR/EXR.A.USD.EUR.SP00.E",
          "locator": "Series EXR.A.USD.EUR.SP00.E; 2025 annual end-of-period observation 1.1750; updated December 31, 2025.",
          "accessed_at": "2026-09-13"
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      ],
      "retired_ids": [],
      "caveat": "The published euro amount converted exactly once at the December 31, 2025 reference rate. A nominal conversion, not an inflation or purchasing-power adjustment; the extra decimal digits come from the rate and add no statistical precision."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-ES-2025Q4-EUR",
      "label": "Spain: general-government debt, as published in euro",
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      "evidence_kind": "reported",
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      "amount": "1698225000000",
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      "display": "€1.698225 trillion",
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      "scope_id": "eurostat-maastricht-consolidated-gross-face-value",
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      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": null,
      "as_published_value": "1698225",
      "as_published_unit": "EUR millions",
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        {
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          "url": "https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-22042026-bp",
          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "Consolidated general-government gross Maastricht debt at face value, Q4 2025, kept in the currency it was published in. Not market-value debt, not net debt, not central government alone, and not a debt-to-GDP ratio."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-ES-2025Q4",
      "label": "Spain: general-government debt",
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      "amount": "1995414375000",
      "unit": "USD",
      "display": "$1.995 trillion",
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      "quantity": "debtStock",
      "observation_period": "2025-12-31",
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      "scope_excludes": "Market-value debt, net debt, central-government-only debt, external debt, or a debt-to-GDP ratio.",
      "derivation": "convertCurrency(GOV-ES-2025Q4-EUR, ECB-FX-20251231)",
      "as_published_value": null,
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      "sources": [
        {
          "id": "EU-GOV-2025Q4",
          "publisher": "Eurostat",
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          "locator": "April 22, 2026 release; gov_10q_ggdebt; selected rows in EUR millions.",
          "accessed_at": "2026-09-13"
        },
        {
          "id": "ECB-FX-20251231",
          "publisher": "ECB",
          "title": "2025 end-of-period USD per EUR reference rate",
          "url": "https://data.ecb.europa.eu/data/datasets/EXR/EXR.A.USD.EUR.SP00.E",
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      ],
      "retired_ids": [],
      "caveat": "The published euro amount converted exactly once at the December 31, 2025 reference rate. A nominal conversion, not an inflation or purchasing-power adjustment; the extra decimal digits come from the rate and add no statistical precision."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "GOV-DE-2025Q4-EUR",
      "label": "Germany: general-government debt, as published in euro",
      "kind": "reported",
      "evidence_kind": "reported",
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      "retired_ids": [],
      "caveat": "Consolidated debt at December 31, 2020 as the January 27, 2021 release rounds it, in nominal dollars of that date. A dated snapshot: not the lifetime peak, never added to the current company, and not mixed with a more precise filing observation from a different source date."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "US-MEDICAL-2021",
      "label": "U.S. medical bills owed by adults",
      "kind": "reported",
      "evidence_kind": "surveyEstimate",
      "review_status": "source_checked",
      "amount": "220000000000",
      "unit": "USD",
      "display": "at least $220 billion",
      "bound": "atLeast",
      "quantity": "debtStock",
      "observation_period": "2021-12-31",
      "forecast_vintage": null,
      "scope_id": "kff-adult-medical-bill-estimate",
      "scope_measures": "A survey-based estimate of medical bills owed by U.S. adults at the end of 2021, stated as a lower bound.",
      "scope_excludes": "A current balance, all healthcare spending, a credit-bureau total, or an amount that can be added to NY Fed household debt.",
      "derivation": null,
      "as_published_value": "220",
      "as_published_unit": "USD billions",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "KFF-MED-2021",
          "publisher": "Peterson–KFF",
          "title": "The burden of medical debt in the United States",
          "url": "https://www.healthsystemtracker.org/brief/the-burden-of-medical-debt-in-the-united-states/",
          "locator": "February 12, 2024 analysis of 2022 SIPP responses about end-2021 medical debt.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "A survey estimate of at least $220 billion owed at the end of 2021, drawn from 2022 SIPP responses about December 2021 bills. The lower-bound wording is part of the fact: the method excludes balances of $250 or less and caps very large reported values at $225,000 in its calculation. Not a current balance, not all healthcare spending, and never added to New York Fed household debt."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "US-FARM-2026F",
      "label": "U.S. farm-sector debt, year-end 2026 forecast",
      "kind": "reported",
      "evidence_kind": "forecast",
      "review_status": "source_checked",
      "amount": "605100000000",
      "unit": "USD",
      "display": "$605.1 billion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2026-12-31",
      "forecast_vintage": "2026-09-03",
      "scope_id": "usda-farm-sector-debt-forecast",
      "scope_measures": "The USDA Economic Research Service forecast of farm-sector debt at year-end 2026, from the September 3, 2026 vintage.",
      "scope_excludes": "Measured debt on any date, a probability interval, or a figure that survives the next forecast vintage.",
      "derivation": null,
      "as_published_value": "605.1",
      "as_published_unit": "USD billions",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "USDA-2026F",
          "publisher": "USDA ERS",
          "title": "Farm-sector assets, debt, and wealth",
          "url": "https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/assets-debt-and-wealth",
          "locator": "September 3, 2026 vintage; $605.1bn forecast for year-end 2026.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "A forecast of farm-sector debt at year-end 2026 from the September 3, 2026 vintage, not measured debt on any date. Show it with a visible forecast label and no invented probability interval; a later vintage supersedes it."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "US-FED-STUDENT-2026Q1",
      "label": "U.S. federal student-loan portfolio",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "1700000000000",
      "unit": "USD",
      "display": "about $1.7 trillion",
      "bound": "approximately",
      "quantity": "debtStock",
      "observation_period": "2026-03-31",
      "forecast_vintage": null,
      "scope_id": "fsa-federal-student-loan-portfolio",
      "scope_measures": "The administrative federal student-loan portfolio the Department of Education reports it holds, through March 31, 2026.",
      "scope_excludes": "Credit-report student balances, private student loans obtainable by subtraction, or tuition ever charged.",
      "derivation": null,
      "as_published_value": "1.7",
      "as_published_unit": "USD trillions",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "FSA-2026Q2",
          "publisher": "Federal Student Aid",
          "title": "Updated FSA Data Center reports",
          "url": "https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2026-06-23/federal-student-aid-posts-updated-reports-fsa-data-center",
          "locator": "June 23, 2026 announcement GENERAL-26-38; portfolio through March 31, 2026; $1.7tn and 42.6m recipients.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "About $1.7 trillion held in the administrative federal portfolio through March 31, 2026, across about 42.6 million recipients. The publisher labels that quarter FY2026 Q2, because its fiscal year opens on October 1; this record's id uses the calendar convention its siblings use, so the two names describe the same three months. The rounded published value is preserved rather than given manufactured precision. A different scope and date from the New York Fed credit-report series, so private loans cannot be derived by subtracting one from the other; recipients, accounts and credit-report borrowers are also different counts."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "US-INTEREST-FY2025",
      "label": "U.S. federal interest paid, fiscal 2025",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "1200000000000",
      "unit": "USD",
      "display": "about $1.2 trillion",
      "bound": "approximately",
      "quantity": "moneyFlow",
      "observation_period": "FY2025",
      "forecast_vintage": null,
      "scope_id": "gao-federal-interest-fiscal-year",
      "scope_measures": "Interest paid on the federal debt during fiscal year 2025 — a flow of money over twelve months.",
      "scope_excludes": "A debt balance, an addition to the debt, or another publisher's net-interest measure.",
      "derivation": null,
      "as_published_value": "1.2",
      "as_published_unit": "USD trillions",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "GAO-FED-2025",
          "publisher": "GAO",
          "title": "FY2025 and FY2024 Schedules of Federal Debt audit",
          "url": "https://www.gao.gov/products/gao-26-107908",
          "locator": "GAO-26-107908; January 20, 2026; Fast Facts: $37.6tn debt at September 30, 2025 and $1.2tn FY2025 interest.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "About $1.2 trillion of interest paid during fiscal year 2025 — a flow of money across twelve months, not a debt stock, not an amount owed at any instant, and not an increment to the debt. It is not the same as net interest, and the measure it is most likely to be confused with is in the same audit: GAO reports interest expense on debt held by the public at about $1.0 trillion for the same year. Two figures, one report, different perimeters. It can never be a component of any total on this site."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "US-FEDERAL-2025",
      "label": "U.S. federal debt",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "37600000000000",
      "unit": "USD",
      "display": "about $37.6 trillion",
      "bound": "approximately",
      "quantity": "debtStock",
      "observation_period": "2025-09-30",
      "forecast_vintage": null,
      "scope_id": "gao-federal-gross-debt",
      "scope_measures": "U.S. federal gross debt at September 30, 2025 — debt held by the public plus intragovernmental holdings.",
      "scope_excludes": "Consolidated general-government debt on the European perimeter, a current counter, or a ranking row.",
      "derivation": null,
      "as_published_value": "37.6",
      "as_published_unit": "USD trillions",
      "on_route": true,
      "scenes": [
        "us-federal-debt"
      ],
      "share_paths": [
        "/s/us-federal-debt/"
      ],
      "sources": [
        {
          "id": "GAO-FED-2025",
          "publisher": "GAO",
          "title": "FY2025 and FY2024 Schedules of Federal Debt audit",
          "url": "https://www.gao.gov/products/gao-26-107908",
          "locator": "GAO-26-107908; January 20, 2026; Fast Facts: $37.6tn debt at September 30, 2025 and $1.2tn FY2025 interest.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "About $37.6 trillion of total federal debt outstanding at September 30, 2025 — debt held by the public plus intragovernmental holdings. That is GAO's own construction and GAO's own wording; \"gross debt\" appeared in an earlier version of this record and is not a term the cited audit uses. A visibly different borrower perimeter from the European consolidated general-government rows, not an identical-perimeter ranking row, and not a live counter for today."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "SCF-CARD-MEDIAN-2022",
      "label": "Credit-card debt, median for families who hold it",
      "kind": "reported",
      "evidence_kind": "surveyEstimate",
      "review_status": "source_checked",
      "amount": "2700",
      "unit": "USD",
      "display": "$2,700",
      "bound": "equal",
      "quantity": "conditionalFamilyBalance",
      "observation_period": "2022",
      "forecast_vintage": null,
      "scope_id": "scf-2022-conditional-family-balances",
      "scope_measures": "Balances reported in the 2022 Survey of Consumer Finances by the families who hold each kind of debt — the middle balance and the average balance within that holding group, in 2022 dollars.",
      "scope_excludes": "All residents or all families, one consistent group of families across the three categories, a set of parts that may be added, or the composition of any per-resident average on this route.",
      "derivation": null,
      "as_published_value": "2700",
      "as_published_unit": "USD, 2022 dollars",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "SCF-2022",
          "publisher": "Federal Reserve",
          "title": "Changes in U.S. Family Finances, 2019–2022",
          "url": "https://www.federalreserve.gov/publications/october-2023-changes-in-us-family-finances-from-2019-to-2022.htm",
          "locator": "October 2023 report; 2022 Survey of Consumer Finances; conditional family debt mean/median figures.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The middle balance among families who hold credit-card debt, from the 2022 Survey of Consumer Finances, in 2022 dollars. Half of those families owe less than this and half owe more. Not an amount per resident, and not a figure any family is billed. The three categories are three different groups of families, so these six figures are never added together and are never the composition of the per-resident average on this route."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "SCF-CARD-MEAN-2022",
      "label": "Credit-card debt, mean for families who hold it",
      "kind": "reported",
      "evidence_kind": "surveyEstimate",
      "review_status": "source_checked",
      "amount": "6100",
      "unit": "USD",
      "display": "$6,100",
      "bound": "equal",
      "quantity": "conditionalFamilyBalance",
      "observation_period": "2022",
      "forecast_vintage": null,
      "scope_id": "scf-2022-conditional-family-balances",
      "scope_measures": "Balances reported in the 2022 Survey of Consumer Finances by the families who hold each kind of debt — the middle balance and the average balance within that holding group, in 2022 dollars.",
      "scope_excludes": "All residents or all families, one consistent group of families across the three categories, a set of parts that may be added, or the composition of any per-resident average on this route.",
      "derivation": null,
      "as_published_value": "6100",
      "as_published_unit": "USD, 2022 dollars",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "SCF-2022",
          "publisher": "Federal Reserve",
          "title": "Changes in U.S. Family Finances, 2019–2022",
          "url": "https://www.federalreserve.gov/publications/october-2023-changes-in-us-family-finances-from-2019-to-2022.htm",
          "locator": "October 2023 report; 2022 Survey of Consumer Finances; conditional family debt mean/median figures.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The average balance among families who hold credit-card debt, from the 2022 Survey of Consumer Finances, in 2022 dollars. A mean carries the largest balances inside it, which is why it sits well above the median of the very same group. Not an amount per resident, and not a figure any family is billed. The three categories are three different groups of families, so these six figures are never added together and are never the composition of the per-resident average on this route."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "SCF-STUDENT-MEDIAN-2022",
      "label": "Student debt, median for families who hold it",
      "kind": "reported",
      "evidence_kind": "surveyEstimate",
      "review_status": "source_checked",
      "amount": "24500",
      "unit": "USD",
      "display": "$24,500",
      "bound": "equal",
      "quantity": "conditionalFamilyBalance",
      "observation_period": "2022",
      "forecast_vintage": null,
      "scope_id": "scf-2022-conditional-family-balances",
      "scope_measures": "Balances reported in the 2022 Survey of Consumer Finances by the families who hold each kind of debt — the middle balance and the average balance within that holding group, in 2022 dollars.",
      "scope_excludes": "All residents or all families, one consistent group of families across the three categories, a set of parts that may be added, or the composition of any per-resident average on this route.",
      "derivation": null,
      "as_published_value": "24500",
      "as_published_unit": "USD, 2022 dollars",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "SCF-2022",
          "publisher": "Federal Reserve",
          "title": "Changes in U.S. Family Finances, 2019–2022",
          "url": "https://www.federalreserve.gov/publications/october-2023-changes-in-us-family-finances-from-2019-to-2022.htm",
          "locator": "October 2023 report; 2022 Survey of Consumer Finances; conditional family debt mean/median figures.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "$24,500 is the middle balance among families who hold student debt, from the 2022 Survey of Consumer Finances, in 2022 dollars. Table 4 publishes it exactly, as 24.5 thousand; an earlier version of this record rounded it to about $25,000 on the strength of the report's Overview, which says balances were hovering around that figure. The prose was approximate, the table was not, and the table is the source. Not an amount per resident, and not a figure any family is billed. The three categories are three different groups of families, so these six figures are never added together and are never the composition of the per-resident average on this route."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "SCF-STUDENT-MEAN-2022",
      "label": "Student debt, mean for families who hold it",
      "kind": "reported",
      "evidence_kind": "surveyEstimate",
      "review_status": "source_checked",
      "amount": "46600",
      "unit": "USD",
      "display": "$46,600",
      "bound": "equal",
      "quantity": "conditionalFamilyBalance",
      "observation_period": "2022",
      "forecast_vintage": null,
      "scope_id": "scf-2022-conditional-family-balances",
      "scope_measures": "Balances reported in the 2022 Survey of Consumer Finances by the families who hold each kind of debt — the middle balance and the average balance within that holding group, in 2022 dollars.",
      "scope_excludes": "All residents or all families, one consistent group of families across the three categories, a set of parts that may be added, or the composition of any per-resident average on this route.",
      "derivation": null,
      "as_published_value": "46600",
      "as_published_unit": "USD, 2022 dollars",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "SCF-2022",
          "publisher": "Federal Reserve",
          "title": "Changes in U.S. Family Finances, 2019–2022",
          "url": "https://www.federalreserve.gov/publications/october-2023-changes-in-us-family-finances-from-2019-to-2022.htm",
          "locator": "October 2023 report; 2022 Survey of Consumer Finances; conditional family debt mean/median figures.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "$46,600 is the average balance among families who hold student debt, from the 2022 Survey of Consumer Finances, in 2022 dollars. Table 4 publishes it exactly, as 46.6 thousand. It was previously carried here rounded to about $47,000, which the source does not require. Not an amount per resident, and not a figure any family is billed. The three categories are three different groups of families, so these six figures are never added together and are never the composition of the per-resident average on this route."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "SCF-RESIDENCE-MEDIAN-2022",
      "label": "Debt secured by the primary residence, median for families who hold it",
      "kind": "reported",
      "evidence_kind": "surveyEstimate",
      "review_status": "source_checked",
      "amount": "155600",
      "unit": "USD",
      "display": "$155,600",
      "bound": "equal",
      "quantity": "conditionalFamilyBalance",
      "observation_period": "2022",
      "forecast_vintage": null,
      "scope_id": "scf-2022-conditional-family-balances",
      "scope_measures": "Balances reported in the 2022 Survey of Consumer Finances by the families who hold each kind of debt — the middle balance and the average balance within that holding group, in 2022 dollars.",
      "scope_excludes": "All residents or all families, one consistent group of families across the three categories, a set of parts that may be added, or the composition of any per-resident average on this route.",
      "derivation": null,
      "as_published_value": "155600",
      "as_published_unit": "USD, 2022 dollars",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "SCF-2022",
          "publisher": "Federal Reserve",
          "title": "Changes in U.S. Family Finances, 2019–2022",
          "url": "https://www.federalreserve.gov/publications/october-2023-changes-in-us-family-finances-from-2019-to-2022.htm",
          "locator": "October 2023 report; 2022 Survey of Consumer Finances; conditional family debt mean/median figures.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The middle balance of debt secured by the primary residence among families who hold such debt, from the 2022 Survey of Consumer Finances, in 2022 dollars. Families with no such debt — renters, and owners who owe nothing on the home — are outside this group entirely. Not an amount per resident, and not a figure any family is billed. The three categories are three different groups of families, so these six figures are never added together and are never the composition of the per-resident average on this route."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "SCF-RESIDENCE-MEAN-2022",
      "label": "Debt secured by the primary residence, mean for families who hold it",
      "kind": "reported",
      "evidence_kind": "surveyEstimate",
      "review_status": "source_checked",
      "amount": "212400",
      "unit": "USD",
      "display": "$212,400",
      "bound": "equal",
      "quantity": "conditionalFamilyBalance",
      "observation_period": "2022",
      "forecast_vintage": null,
      "scope_id": "scf-2022-conditional-family-balances",
      "scope_measures": "Balances reported in the 2022 Survey of Consumer Finances by the families who hold each kind of debt — the middle balance and the average balance within that holding group, in 2022 dollars.",
      "scope_excludes": "All residents or all families, one consistent group of families across the three categories, a set of parts that may be added, or the composition of any per-resident average on this route.",
      "derivation": null,
      "as_published_value": "212400",
      "as_published_unit": "USD, 2022 dollars",
      "on_route": false,
      "scenes": [],
      "share_paths": [],
      "sources": [
        {
          "id": "SCF-2022",
          "publisher": "Federal Reserve",
          "title": "Changes in U.S. Family Finances, 2019–2022",
          "url": "https://www.federalreserve.gov/publications/october-2023-changes-in-us-family-finances-from-2019-to-2022.htm",
          "locator": "October 2023 report; 2022 Survey of Consumer Finances; conditional family debt mean/median figures.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The average balance of debt secured by the primary residence among families who hold such debt, from the 2022 Survey of Consumer Finances, in 2022 dollars. Families with no such debt are outside this group entirely. Not an amount per resident, and not a figure any family is billed. The three categories are three different groups of families, so these six figures are never added together and are never the composition of the per-resident average on this route."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "WORLD-PUBLIC-2024",
      "label": "Global public debt",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "99200000000000",
      "unit": "USD",
      "display": "$99.2 trillion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2024",
      "forecast_vintage": null,
      "scope_id": "imf-global-public-private-nonfinancial-2024",
      "scope_measures": "The IMF's 2024 global debt benchmark split into public and private nonfinancial components.",
      "scope_excludes": "A live 2026 total, financial-sector liabilities, or a household/business sub-split.",
      "derivation": null,
      "as_published_value": "99.2",
      "as_published_unit": "USD trillions",
      "on_route": true,
      "scenes": [
        "world-public"
      ],
      "share_paths": [
        "/s/world-public/"
      ],
      "sources": [
        {
          "id": "IMF-WORLD-2024",
          "publisher": "IMF",
          "title": "Global debt remains above 235 percent of world GDP",
          "url": "https://www.imf.org/en/blogs/articles/2025/09/17/global-debt-remains-above-235-of-world-gdp",
          "locator": "September 17, 2025 publication; 2024 public $99.2tn, private nonfinancial $151.8tn, combined $251tn.",
          "accessed_at": "2026-09-13"
        },
        {
          "id": "IMF-GDD",
          "publisher": "IMF",
          "title": "IMF Global Debt Database",
          "url": "https://data.imf.org/Datasets/FAD_GDD",
          "locator": "Public and private nonfinancial debt framework.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "One of the two supported sectors in the IMF's 2024 global benchmark. A preserved dated 2024 benchmark, not a live total and not a claim to have measured every obligation on Earth. Financial-sector debt and informal obligations are outside it."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "WORLD-PRIVATE-2024",
      "label": "Global private nonfinancial debt",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "151800000000000",
      "unit": "USD",
      "display": "$151.8 trillion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2024",
      "forecast_vintage": null,
      "scope_id": "imf-global-public-private-nonfinancial-2024",
      "scope_measures": "The IMF's 2024 global debt benchmark split into public and private nonfinancial components.",
      "scope_excludes": "A live 2026 total, financial-sector liabilities, or a household/business sub-split.",
      "derivation": null,
      "as_published_value": "151.8",
      "as_published_unit": "USD trillions",
      "on_route": true,
      "scenes": [
        "world-private"
      ],
      "share_paths": [
        "/s/world-private/"
      ],
      "sources": [
        {
          "id": "IMF-WORLD-2024",
          "publisher": "IMF",
          "title": "Global debt remains above 235 percent of world GDP",
          "url": "https://www.imf.org/en/blogs/articles/2025/09/17/global-debt-remains-above-235-of-world-gdp",
          "locator": "September 17, 2025 publication; 2024 public $99.2tn, private nonfinancial $151.8tn, combined $251tn.",
          "accessed_at": "2026-09-13"
        },
        {
          "id": "IMF-GDD",
          "publisher": "IMF",
          "title": "IMF Global Debt Database",
          "url": "https://data.imf.org/Datasets/FAD_GDD",
          "locator": "Public and private nonfinancial debt framework.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [],
      "caveat": "The other supported sector in the IMF's 2024 global benchmark. Households and companies both sit inside it and no split between them is approved. A preserved dated 2024 benchmark, not a live total and not a claim to have measured every obligation on Earth. Financial-sector debt and informal obligations are outside it."
    },
    {
      "edition": "2026-09-14-v1",
      "id": "WORLD-TOTAL-2024",
      "label": "Global public and private nonfinancial debt",
      "kind": "reported",
      "evidence_kind": "reported",
      "review_status": "source_checked",
      "amount": "251000000000000",
      "unit": "USD",
      "display": "$251 trillion",
      "bound": "equal",
      "quantity": "debtStock",
      "observation_period": "2024",
      "forecast_vintage": null,
      "scope_id": "imf-global-public-private-nonfinancial-2024",
      "scope_measures": "The IMF's 2024 global debt benchmark split into public and private nonfinancial components.",
      "scope_excludes": "A live 2026 total, financial-sector liabilities, or a household/business sub-split.",
      "derivation": null,
      "as_published_value": "251.0",
      "as_published_unit": "USD trillions",
      "on_route": true,
      "scenes": [
        "world",
        "other-side"
      ],
      "share_paths": [
        "/s/world/",
        "/s/other-side/"
      ],
      "sources": [
        {
          "id": "IMF-WORLD-2024",
          "publisher": "IMF",
          "title": "Global debt remains above 235 percent of world GDP",
          "url": "https://www.imf.org/en/blogs/articles/2025/09/17/global-debt-remains-above-235-of-world-gdp",
          "locator": "September 17, 2025 publication; 2024 public $99.2tn, private nonfinancial $151.8tn, combined $251tn.",
          "accessed_at": "2026-09-13"
        },
        {
          "id": "IMF-GDD",
          "publisher": "IMF",
          "title": "IMF Global Debt Database",
          "url": "https://data.imf.org/Datasets/FAD_GDD",
          "locator": "Public and private nonfinancial debt framework.",
          "accessed_at": "2026-09-13"
        }
      ],
      "retired_ids": [
        "world-total-2024"
      ],
      "caveat": "The IMF's own defined combined total for 2024, which its two supported sectors reconcile to exactly. A preserved dated 2024 benchmark, not a live total and not a claim to have measured every obligation on Earth. Financial-sector debt and informal obligations are outside it."
    }
  ]
}
