How Did Americans Spend Their Stimulus Checks and How Did It Affect the Economy?
The way in which Americans have been spending their stimulus checks has differed across each round of payments.
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The way in which Americans have been spending their stimulus checks has differed across each round of payments.
The number of individuals experiencing long-term unemployment (lasting 27 weeks or longer) has quadrupled during the coronavirus (COVID-19) pandemic.
The Federal Reserve's lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the pandemic.
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
Americans and the economy are vulnerable to a series of high-stakes fiscal deadlines, with an uncertain path forward.
https://www.pgpf.org/blog/2019/07/fast-approaching-fiscal-deadlines-pose-threat-to-american-economy
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
The economy continued to grow in the third quarter of 2021, but at a slightly slower pace than previous quarters due to the delta variant of COVID-19.
The U.S. collects less revenue as a share of GDP than several other high-income countries such as Japan, Canada, the United Kingdom, and Germany.
https://www.pgpf.org/blog/2016/04/the-us-tax-burden-is-low-compared-to-most-advanced-economies
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
When most Americans think about businesses in this country, the word “corporation” may come to mind — but the truth is that the vast majority of businesses in the United States are not structured as traditional corporations, but as pass-through entities.