The Government Needs Wealthy Consumer Spending To Keep GDP Growing
A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.
Axios on MSN10d
Why government spending counts in GDP, as Trump admin considers excluding it
Top Trump administration officials are arguing that it is misleading to include government spending in the quarterly tally of ...
Financial World2d
Understanding America's government spending dynamics
Additionally, the regulatory burden imposed by the federal government is often overstated. Federal statutes number ...
The Hindu20d
Is consumption enough to drive growth?
Third is government expenditure, for consumption and investment. The former refers to the money spent on day-to-day government operations, including paying salaries to officers, teachers ...
Financial Advisor6d
Without Federal Spending, What's Left Of U.S. GDP Growth?
Should a country’s gross domestic product include government spending? No, argued Simon Kuznets, the Nobel economics laureate who helped create the measure now known as GDP. When the U.S ...
Public Broadcasting Service (PBS)14d
U.S. economy grew 2.3 percent annually in the last months of 2024, the outlook for 2025 is cloudier
The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end ...