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The CARES Act granted stimulus checks to Americans to mitigate economic damage, but was it effective? Find out how stimulus checks affected the economy.
COVID-19 has contributed to a rising gap between federal spending and revenues. Find out just how wide that gap is.
https://www.pgpf.org/blog/2020/10/the-gap-between-federal-spending-and-revenues-has-grown-rapidly
Transfers from programs like Medicaid, CHIP, and SNAP represent an increasing share of income for low to middle income groups.
https://www.pgpf.org/chart-archive/0234_transfer_programs_share_income
Despite the increased federal deficit, the expansion of safety net programs have led to generally effective stimulus of the economy. Learn more in our analysis of several programs including Unemployment Insurance, SNAP, and Medicaid.
Waiting to act raises the cost of stabilizing the debt.
Prior to 2020, the median real income for families in the United States had been increasing for 5 consecutive years.
https://www.pgpf.org/chart-archive/0213_stagnant_median_income
In 2019, median household income varied considerably by race and ethnicity.
Full-time male workers earn more than full-time female workers
CBO projects that interest rates will remain low throughout the decade.
https://www.pgpf.org/chart-archive/0269_interest_rates_projected_to_rise
Income varies widely across racial and ethnic groups in the United States.
https://www.pgpf.org/chart-archive/0272_income_race_historical