Some Numbers to Keep in Mind as Watch the Harris-Trump Debate
==========
US Census Bureau reports median household income rose to $80,610 in 2023, a 4% increase from $77,540 in 2022; first income gain since 2019; CBO forecasts annual budget deficit rising from $1.9 trillion in 2024 to $2.9 trillion in 2034; public debt at 97% of GDP in 2023, projected to exceed 106.1% by 2027 and reach 122% by 2034; Trump’s policies could add $5.8 trillion to national debt, Harris’ $1.2 trillion; TCJA led to 20% increase in US investments; 75% of Americans in their 40s earn more than their parents; nonfarm productivity rose 2.5% in Q2 2024; AI expected to automate 25% of tasks, boosting productivity by 9%; Trump’s tariffs could reduce household incomes by $1,800 in 2025.
#Harris #Trump #Debate #Economy #Income #Debt #Productivity #Ai #Taxes #Trade
https://www.aei.org/economics/some-numbers-to-keep-in-mind-as-watch-the-harris-trump-debate/
American Enterprise Institute /
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2024-09-10 21:35:49
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wss://relay.nostr.band/allPublished at
2024-09-10 21:35:49Event JSON
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"content": "Some Numbers to Keep in Mind as Watch the Harris-Trump Debate\n==========\n\nUS Census Bureau reports median household income rose to $80,610 in 2023, a 4% increase from $77,540 in 2022; first income gain since 2019; CBO forecasts annual budget deficit rising from $1.9 trillion in 2024 to $2.9 trillion in 2034; public debt at 97% of GDP in 2023, projected to exceed 106.1% by 2027 and reach 122% by 2034; Trump’s policies could add $5.8 trillion to national debt, Harris’ $1.2 trillion; TCJA led to 20% increase in US investments; 75% of Americans in their 40s earn more than their parents; nonfarm productivity rose 2.5% in Q2 2024; AI expected to automate 25% of tasks, boosting productivity by 9%; Trump’s tariffs could reduce household incomes by $1,800 in 2025.\n\n#Harris #Trump #Debate #Economy #Income #Debt #Productivity #Ai #Taxes #Trade\n\nhttps://www.aei.org/economics/some-numbers-to-keep-in-mind-as-watch-the-harris-trump-debate/",
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