Federal Spending per Person Is Skyrocketing

The federal government will soon be spending more per person than ever before. Adjusted for inflation, spending per person has grown from $3,782 in 1965 to $12,619 in 2018. The projected increase from 2018 to 2029 ($3,716) nearly matches the total amount that was spent in 1965.

Additional Sources: U.S. Census Bureau, St. Louis Federal Reserve.

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