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Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2020, charted out monthly and on a year-over-year basis.
The share of total pre-tax income has sharply increased for the wealthy, but decreased for low-income households.
Spending on federal entitlement programs will more than double between 1985 and 2050.
https://www.pgpf.org/chart-archive/0027_entitlement-programs-proj
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
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