nationaldebt
Comparing U.S. Federal Spending with RevenueIn 2021, the U.S. government spent $6.8 trillion on various expenditures and government-aided programs. Where was this money spent, and how much was covered by taxpayers’ dollars? Q2 2022 hedge fund letters, conferences and more Money Comes and GoesIn 2021, U.S. government revenue totaled more than $4 trillion. About half of it came from individual income taxes, while about 30% came from Social Security and Medicare taxes. Here’s a full breakdown of revenue sources in 2021: Despite the trillions in revenue generated, like most years, U.S. federal spe...
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Over the last 30 years, the U.S. has steadily increased its national debt from $4 trillion to $28.43 trillion through December 2021, according to government data. And it crossed the $30 trillion mark for the first time in early 2022. New economic modeling from The Concord Coalition shows that as the government borrows more money to pay off debt, it can affect individuals’ net wealth. Let’s take a look at how the national debt can impact your savings and investments. Q2 2022 hedge fund letters, conferences and more How Much Debt Does the U.S. Have?Fiscal Data, a hub for federal financial data, ...
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The U.S. national debt rose above $30 trillion for the first time ever, according to Treasury Department. The national debt is the accumulation of the federal government’s deficits over the years. The federal government owes almost $8 trillion to foreign and international investors in Japan and China alone. The Covid-19 pandemic had a severe impact due to spikes in unemployment and stimulus payments. When former President Donald Trump entered office, the debt was already at $20 trillion but has spiraled in recent years. Federal Reserve Chairman Jerome Powell stated, “Debt is not at an unsustai...
uPolitics.com
Financial advisors commonly tell people to maximize contributions to tax-deferred retirement plans such as 401(k)s and IRAs, but does that make sense? Pamela Yellen, financial investigator and New York Times best-selling author, says this is a myth that may cost retirees big in their golden years, and offers a free online calculator to demonstrate why. Q2 2021 hedge fund letters, conferences and more Tax Deferral Scam such As 401(k)s And IRAs ExposedConventional wisdom says maximizing contributions to tax-deferred retirement plans such as 401(k)s and IRAs allows your savings to grow without be...
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The gravity-defying run of bitcoin has long caught the attention of retail and institutional investors. However, it appears that the one institution which the digital currency threatens its existence is beginning to see the positives of its adoption into the mainstream financial system. Q3 2020 hedge fund letters, conferences and more Paying National Debt With BitcoinThe Federal Reserve Chairman, Jerome Powell, and Treasury Secretary, Steve Mnuchin, have announced plans by the American Government to pay off its national debt using bitcoin. In a statement made available to journalists, the Fed ...
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The U.S. government is sending another round of checks meant to stimulate economic activity during the coronavirus pandemic. How will Americans spend their stimulus checks? In a collaboration with Maru/Blue Public Opinion, Refinitiv discovered how U.S. citizens plan to utilize this new round of funding. Q3 2020 hedge fund letters, conferences and more COVID-19 Stimulus Payments Inspire Saving Over SpendingHow do Americans plan to spend their stimulus checks? 44%, plan to save the money; 36% will pay off debts; 20% will spend the fundsSource: Maru/Blue Public Opinion Survey Increasing National ...
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