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Today, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight .
https://www.pgpf.org/blog/2019/07/What-Does-the-Fed-Rate-Cut-Mean-for-the-Economy-and-National-Debt
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.
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
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.
Low-income seniors rely on Social Security benefits for a major share of their retirement income.
https://www.pgpf.org/chart-archive/0018_social-security-low-income
Student debt is second only to mortgage debt.
https://www.pgpf.org/chart-archive/0221_student_debt_second_largest
Since early 2010, total student loan debt has consistently outpaced other non-mortgage household debt.
https://www.pgpf.org/chart-archive/0267_student_debt_outpacing_others
CBO projects that interest rates will rise significantly from current levels.
https://www.pgpf.org/chart-archive/0269_interest_rates_projected_to_rise
Growth over the next few years is expected to slow as the recent fiscal stimulus wanes.
https://www.pgpf.org/blog/2019/04/economic-growth-remains-strong-but-it-probably-wont-last
