
Trend in Defense Spending
Defense spending is projected to stay below its historical share of GDP.
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Defense spending is projected to stay below its historical share of GDP.
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
The growing debt is caused by a structural mismatch between spending and revenues.
The national debt is on an unsustainable path.
https://www.pgpf.org/chart-archive/0202_federal-debt-proj-since-1930
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
Blacks and Hispanics have much higher poverty rates than other groups.
In 2019, median household income varied considerably by race and ethnicity.