Debt in the Sectors of the Economy
Debt levels have risen in many sectors of the economy.
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Debt levels have risen in many sectors of the economy.
The U.S. national saving rate has declined significantly since the mid-1960s.
Despite recent declines, U.S. household debt is still very high relative to disposable income.
The national debt is on an unsustainable path.
https://www.pgpf.org/chart-archive/0202_federal-debt-proj-since-1930
Following the 2018 midterm elections, a vast majority of voters across party lines want President Donald Trump and the new Congress to focus on America’s fiscal outlook.
https://www.pgpf.org/press-release/2018/11/fci-press-release
“The coronavirus outbreak is an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The U.S. economy was in its longest expansion since World War II. The pandemic, however, has altered that trajectory.
https://www.pgpf.org/blog/2020/05/how-the-coronavirus-has-affected-our-economic-outlook