If you’re an average American citizen, it’s $40,000. That’s according to a new study from Bruce Yandle for the Mercatus Center at George Mason University.

From a news release on the study:

In ?Everyman?s Deficit,? Dr. Bruce Yandle explains that each American citizen owns a $40,000 share of the nation’s debt. What?s worse, this figure does not include the significant unfunded liabilities (such as the debts of Fannie Mae and Freddie Mac) that taxpayers may have to bear in the future.  But the federal debt doesn?t belong to Washington: the debt and the deficit belong to families like the Everymans.