
The Fiscal & Economic Challenge
Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
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Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
This panel convened voices from the private sector and academia to analyze the risk that high and rising debt poses to our economic future.
While growth in 2019 has exceeded expectations so far, growth rates largely have conformed to forecasts, and many economists expect growth to remain lower in 2019 than in 2018.
While there has been positive news about recent wage growth, looking back over the last 40 years reveals a different story for the average worker.
The share of total pre-tax income has sharply increased for the wealthy, but decreased for low-income households.
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
SNAP spending increased during the Great Recession, but is projected to decline below historical levels.
The majority of SNAP beneficiaries are people from vulnerable populations.
https://www.pgpf.org/chart-archive/0282_snap_characteristics
Federal outlays for highways and mass transit are projected to outstrip the inflows that finance them.
https://www.pgpf.org/chart-archive/0283_outlays_inflows_highways
SNAP benefits supplement household incomes to help lift people out of poverty.
https://www.pgpf.org/chart-archive/0264_snap_supplements_income