Income and Wealth in the United States: An Overview of Recent Data
Income levels for Americans vary across geography, race, and gender.
https://www.pgpf.org/blog/2023/11/income-and-wealth-in-the-united-states-an-overview-of-recent-data
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Income levels for Americans vary across geography, race, and gender.
https://www.pgpf.org/blog/2023/11/income-and-wealth-in-the-united-states-an-overview-of-recent-data
“It’s very encouraging to see bipartisan, bicameral support for a fiscal commission to recommend solutions to our $33 trillion and growing national debt."
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
“Across party lines, overwhelming majorities of voters are deeply concerned about the $33 trillion and growing national debt, and they want their leaders to take action,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/10/fci-press-release
Debt held by the public totaled 97 percent of gross domestic product (GDP) at the end of 2022 and is on track to exceed its previous all-time high.
https://www.pgpf.org/blog/2023/10/why-history-shows-the-united-states-will-not-grow-out-of-its-debt
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2023
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2023
"The deficit has essentially doubled in just one year. That’s very alarming, but the fact that the deficit grew so much during a time of economic growth is an even more serious warning sign for our nation’s future."
https://www.pgpf.org/press-release/2023/10/peterson-foundation-statement-as-deficit-soars
Governance issues can harm the U.S. economy as well as decrease the country’s standing in financial markets, which has implications for interest costs and the nation’s fiscal sustainability.
https://www.pgpf.org/blog/2023/10/bad-governance-could-be-making-our-debt-problems-worse