Economy articles

Read these reports to understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.

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GOVERNMENT FINANCES 04 Dollar Money Bills Spending Revenue Taxes Map USA Blue Yellow
Economy
How does Gross Domestic Product differ by state?

Five states, including California and Florida, each contributed over $1 trillion to the national gross domestic product in 2022.

TRANSPORTATION & INFRASTRUCTURE 06 Agriculture Farming Crop Bars Up
Economy
What happens to the food grown in the US?

The US exported $177 billion worth of agricultural goods in 2021.

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Economy
How do SNAP benefits account for inflation and a global pandemic?

Food assistance benefits are adjusted for inflation on an annual basis, but the rapid rise of inflation puts pressure on recipients.

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Economy
How has household spending changed in the US?

Changes in behavior and rises in prices can help explain shifts in household budgets since 1993.

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Economy
Spending by the dollar: how government and consumer budgets differ

About 24% of the government budget goes to costs that do not show up on the average consumer budget.

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Economy
Why is the US labor force growing more slowly?

Fewer immigrants, lower rates of women and younger people, and more Americans reaching retirement age are all contributing to slower labor force growth.

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Economy
How differences in household debt can contribute to the race wealth gap

Home debt, like a mortgage, can increase wealth over time. Black and Hispanic households had the lowest rates of home debt in 2019.

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Economy
What happens to employment when the minimum wage is increased?

Data shows that minimum wage increases can lead to short-term increases in employment for some of those workers.

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Economy
For many households, income is up but home ownership is further out of reach

The cost of buying a home has risen faster than income since March 2021

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Economy
How do free trade agreements affect trade with the US?

The US has 14 free trade agreements with 20 countries that comprise about 40 percent of US goods exports.

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