Federal Spending Grew More Than Ten Times Faster Than Median Income

Federal Spending Grew More Than Ten Times Faster Than Median Income

Everyone wants to know more about the budget and here is some key information with a chart from the Heritage Foundation and a video from the Cato Institute.

When federal spending grows faster than Americans’ paychecks, the burden on taxpayers becomes greater. Over the past few decades, middle-income Americans’ earnings have risen only 27 percent, while spending has increased 299 percent.

PERCENT CHANGE OF INFLATION-ADJUSTED DOLLARS (2010)

 
 
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Federal Spending Grew More Than Ten Times Faster Than Median Income

Source: U.S. Census Bureau and White House Office of Management and Budget.

Chart 3 of 42

In Depth

  • Technical Notes

    The charts in this book are based primarily on data available as of March 2011 from the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO). The charts using OMB data display the historical growth of the federal government to 2010 while the charts using CBO data display both historical and projected growth from as early as 1940 to 2084. Projections based on OMB data are taken from the White House Fiscal Year 2012 budget. The charts provide data on an annual basis except… Read More

  • Authors

    Emily GoffResearch Assistant
    Thomas A. Roe Institute for Economic Policy StudiesKathryn NixPolicy Analyst
    Center for Health Policy StudiesJohn FlemingSenior Data Graphics Editor

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